Feb 2, 2025: Dollar to Naira black market rate today
As of February 2, 2025, the black market dollar to naira exchange rate is NGN1,636.18. This shows how the Nigerian naira has been appreciated in the AbokiFX since January 30th, 2025, when it was selling at NGN 1,636.18
AbokiFX exchange rate today
| $1 | NGN1,585.43 |
| $10 | NGN 15,854.3 |
| $20 | NGN 31,708.6 |
| $50 | NGN 79,271.5 |
| $100 | NGN 158,543 |
| $200 | NGN 317,086 |
The price range between Naira-to-dollar official rate (bank rate) and black market (AbokiFX) dollar rates continues to rise. The rapid increase in the AbokiFX is influenced by some factors.
The black market exchange rate is almost always higher than the bank rate. As of today, February 2, 2025, the Naira-to-dollar black market rate is NGN1,585.43.
How much is Dollar to Naira official rate today?
However, the official exchange rate, which is also known as the bank rate of dollar to naira, tells a different story. The bank rate was NGN 1508.40 per 1 dollar on January 30, 2025, while the dollar to naira bank rate is currently selling at the rate of 1500.78 Nigerian naira per dollar as of today, February 2, 2025.
We can see the appreciation of the Naira against the dollar in both official exchange rate and AbokiFX rate.
The official rate is according to the data provided on the Central Bank of Nigeria website.
