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Black Market Dollar To Naira Exchange Rate Today – June 7, 2025

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Black Market Dollar To Naira Exchange Rate Today – June 7, 2025

What’s the current exchange rate for the US Dollar to the Nigerian Naira in the black market (also called the parallel market or Aboki FX)?

Here is the updated information on the dollar to naira rate as of Friday, June 7, 2025. If you’re looking to exchange dollars for naira, these are the prevailing rates in the parallel market.


Today’s Black Market Dollar to Naira Rate (Lagos)

  • Buying Rate: ₦1,590

  • Selling Rate: ₦1,600

According to Bureau De Change (BDC) sources in Lagos, black market traders are purchasing the dollar at ₦1,590 and selling at ₦1,600 as of Friday, June 6, 2025.

⚠️ Note: The Central Bank of Nigeria (CBN) does not recognize black market rates. The CBN advises individuals and businesses to conduct foreign exchange transactions through authorized financial institutions.


Dollar to Naira Rate (CBN Official Market)

  • Highest Rate: ₦1,560

  • Lowest Rate: ₦1,545

Actual forex rates may differ slightly from these figures depending on the location and trader.


Petrol Prices Drop as Depot Operators Slash Rates

In a move to stay competitive in Nigeria’s rapidly evolving petroleum market, six key fuel depots have reduced the pump price of Premium Motor Spirit (PMS), widely known as petrol.

This price cut, which took effect on Wednesday, reflects strategic adjustments by operators reacting to market trends and falling crude oil prices.

Revised PMS Depot Prices

  • Emadeb: ₦827/litre (previously ₦903)

  • First Royal: ₦826/litre (down from ₦828)

  • MENJ: ₦826/litre (formerly ₦827)

  • Aiteo: ₦825/litre (from ₦826)

  • Pinnacle: ₦850/litre (reduced from ₦856)

  • Hyde: ₦868/litre (previously ₦869)

According to Petroleumprice.ng, depot-level fuel prices may continue to decline in the short term, especially as global crude oil prices hover around $65 per barrel.

An energy analyst, speaking anonymously, mentioned that industry stakeholders are eagerly watching for potential price adjustments from Dangote Petroleum Refinery, which could influence broader market pricing dynamics.

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