Jan 9, 2025: Dollar to Naira black market rate today
As of January 9th, 2025, the black market dollar to naira exchange rate is NGN1,666.63. This shows how the Nigerian naira has been depreciated in the AbokiFX since January 3rd, 2025, when it was selling at NGN 1,662.57.
AbokiFX exchange rate today
| $1 | NGN1,666.63 |
| $10 | NGN 16,666.3 |
| $20 | NGN 33,332.6 |
| $50 | NGN 83,331.5 |
| $100 | NGN 166,663 |
| $200 | NGN 333,326 |
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 9th, 2025, the Naira-to-dollar black market rate is NGN1,666.63.
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 NGN1541.36 on January 3rd, 2025, while the dollar to naira bank rate is currently selling at the rate of NGN1539.39 per dollar as of today, January 9th, 2025.
We can see a depreciation of the Naira against the dollar in the official exchange rate and appreciation of the Naira in the AbokiFX market.
The official rate is according to the data provided on the Central Bank of Nigeria website. As you can see, there’s a difference of NGN121.21 between the AbokiFX rate and the bank rate.
