Current Parallel Market Exchange Rate (Aboki FX) – Dollar to Naira
Wondering what the U.S. Dollar is exchanging for against the Naira in the black market today? Here’s a breakdown of the parallel market rates as of Thursday, 15th May 2025.
According to updates from traders operating in Lagos’ Bureau De Change (BDC) sector, the U.S. Dollar was **bought at ₦1625** and **sold at ₦1630** in the black market.
It’s important to remember that these rates differ from official Central Bank of Nigeria (CBN) figures. The CBN discourages participation in parallel market trading and advises citizens to access foreign exchange through licensed financial institutions.
Parallel Market (Black Market) Exchange Rate – 16th May 2025:
* **Buying Price:** ₦1625
* **Selling Price:** ₦1630
CBN Official Exchange Rate – 16th May 2025:
* **Highest Rate:** ₦1604
* **Lowest Rate:** ₦1597
Note: These figures may vary slightly depending on your location and the specific dealer.
Nigeria Sees Slight Easing in Inflation
In related economic news, Nigeria’s inflation rate showed modest improvement in April 2025. According to the National Bureau of Statistics (NBS), the country’s overall inflation dipped to 23.71%, a decline from 24.23% recorded in March.
Food prices, in particular, saw a slight drop, helping to reduce pressure on household spending. The NBS reported that food inflation eased to 21.26% in April, down from 21.79% the previous month.
This easing is attributed to falling prices in staple items such as maize flour, rice, wheat grain, dried okra, yam flour, and various types of beans.
The Consumer Price Index (CPI) climbed to 119.52 in April, marking a 2.18-point increase from March. Yet on a year-on-year basis, inflation was significantly lower compared to April 2024’s rate of 33.69%, indicating progress in the nation’s battle against rising prices.
