The greenback to naira price retains making headlines, and should you’re right here, chances are high you’re searching for at this time’s black market USD to Naira trade price – Wednesday, 14th Might 2025. Whether or not you should trade {dollars} for enterprise, private use, or simply need to keep up to date, this publish provides you essentially the most correct and up-to-date information on the greenback to naira price within the parallel (Aboki) market.
We perceive how shortly issues can change in Nigeria’s foreign exchange market, so we’re dedicated to bringing you real-time figures and what’s influencing them.
How a lot is a Greenback to Naira at this time within the Black Market?
What’s the Greenback to Naira Change Charge on the Black Market, particularly the Aboki Fx?
Due to the dynamics of provide and demand within the casual international trade market, the Central Financial institution of Nigeria (CBN) official charges usually differ considerably from these within the black market.
As of at this time, 14th Might 2025, the black market shopping for price for the US greenback is N1,615 whereas the promoting price is N1,625.
These charges change once in a while throughout the day, influenced by varied elements together with financial circumstances, market hypothesis, and authorities insurance policies.
The dollar-to-naira trade price within the black market has continued to fluctuate, reflecting the financial challenges and foreign exchange shortages in Nigeria.
In distinction to the black market, the Central Financial institution of Nigeria (CBN) maintains an official trade price. As we speak, the CBN price for one greenback is N1,600.43.
The disparity between the official and black market charges highlights the strain on the naira and the challenges within the nation’s foreign exchange market.
Black Market Change Charge As we speak
| Overseas Foreign money | Shopping for price | Promoting price |
| DOLLAR ($USD) | N1,615 | N1,625 |
| POUNDS STERLING (GBP) | N2,150 | N2,170 |
| EURO (EUR) | N1,805 | 1,825 |
CBN Change Charge As we speak
| Overseas Foreign money | Shopping for price | Promoting price |
| DOLLAR ($USD) | N1,599.43 | N1,600.43 |
| POUNDS STERLING (GBP) | N2,112.69 | N2,114.02 |
| EURO (EUR) |
N1,779.69 |
N1,780.80 |
| YUAN (CNY) |
N221.90 |
N222.04 |
| SAUDI RIYAL (SAR) |
N426.41 |
N426.68 |
CRYPTOCURRENCY
On the time of posting
BITCOIN
1 BTC: NGN169.7M
1 NGN = 0.000000078BTC
ETHEREUM
1 ETH: NGN 4.4M
1 NGN: 0.00000034ETH
Variations in Foreign exchange Charges
Foreign exchange charges in Nigeria differ throughout completely different markets and platforms. The black market, official CBN charges, and charges provided by business banks and worldwide cash switch operators all differ.
This discrepancy creates arbitrage alternatives and poses challenges for companies and people needing international foreign money for respectable transactions.
50 {Dollars} to Naira As we speak Black Market
For folks seeking to trade 50 US {dollars} at this time, the speed within the black market shall be roughly N80,750 if obtained on the shopping for price of N1,615 per greenback.
For these shopping for from retailers, it might price N81,250 on the promoting price of N1,625 per greenback.
100 {Dollars} to Naira As we speak Black Market
Exchanging 100 US {dollars} at this time within the black market will get you N161,500 if bought on the present shopping for price.
For these buying {dollars}, it’s going to price them N162,500. This price of improve little doubt impacts companies, vacationers, and others who want {dollars} and different foreign exchange for abroad transactions.
500 {Dollars} to Naira As we speak Black Market
A bigger transaction of 500 US {dollars} will end in N807,500 on the shopping for price and N812,500 on the promoting price within the black market at this time.
The upper volumes mirror the continued want for {dollars} within the enterprise neighborhood.
1,000 {Dollars} to Naira As we speak Black Market
For individuals who want as much as 1000 US {dollars}, the black market will provide N1,615,000 on the shopping for price and N1,625,000 on the promoting price.
