As of today, 17th August 2024, the exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) in the black market, also known as the parallel market (Aboki fx), is as follows:
- Buying Rate: ₦1,595 per $1
- Selling Rate: ₦1,605 per $1
These rates are based on information obtained from sources at Bureau De Change (BDC) in Lagos. Please note that exchange rates may vary depending on your location and the dealer you approach.
It’s important to remember that the Central Bank of Nigeria (CBN) does not recognize the parallel market for forex transactions. The official CBN rates for today are slightly lower:
- CBN Buying Rate: ₦1,584 per $1
- CBN Selling Rate: ₦1,585 per $1
These rates are subject to change, and the actual rate at which you may buy or sell forex could differ from the figures provided.
News Editor 
Hyelsinta Hassan