Jan 1, 2025: Dollar to Naira black market rate today
On January 1st, 2025, the black market dollar to naira exchange rate is NGN1,679.36. This shows how the Nigerian naira has been depreciated in the AbokiFX since December 31, 2024, when it was selling at NGN 1,673.21.
AbokiFX exchange rate today
| $1 | NGN1,679.36 |
| $10 | NGN 16,793.6 |
| $20 | NGN 33,587.2 |
| $50 | NGN 83,968 |
| $100 | NGN 167,936 |
| $200 | NGN 335,872 |
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, January 1st, 2024, the Naira-to-dollar black market rate is NGN1,679.36.
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 is NGN1536.92 as of today January 1, 2025; this is according to the data provided on the Central Bank of Nigeria website. As you can see, there’s a difference of NGN142.44 between the AbokiFX rate and the bank rate.
