Understanding the exchange rate between the Nigerian Naira (NGN) and the Central African CFA Franc (XOF) in the black market is crucial for businesses and individuals involved in international transactions. This article provides an overview of the factors influencing this exchange rate, current rates, and tips for safe currency exchange.
Factors Influencing the Naira to CFA Exchange Rate
Several factors contribute to the dynamics of the Naira to CFA exchange rate in the black market:
- Supply and Demand: The Central Bank of Nigeria (CBN) regulates Nigeria's foreign currency supply. However, the supply has often been insufficient to meet the increasing demand driven by imports, travel, education, and commercial activities.
- Government Policies: Inconsistency in Nigerian government policies and tight currency controls significantly widen the gap between the official CBN rate and the black market rates.
- Import Dependence: Nigeria's reliance on imports leads to a consistently high demand for foreign currencies like the US dollar, which indirectly affects the Naira to CFA exchange rate.
Today’s Dollar to Naira Black Market Exchange Rate – Wednesday, 13 August 2025
Current Exchange Rate
Prices reflect Aboki (black market) activity in Lagos, Abuja, Port Harcourt & Kano. Today’s Dollar to Naira exchange rate is ₦1470 (sell) in Lagos, Abuja, Portharcourt, and Kano as of November 7, 2025.
It's important to note that there might be discrepancies in rates, largely dependent on location. A popular way most Nigerians and those who are tech-savvy stay updated on rates is via online media.
Dollar To Naira Black Market Today has been updated above, together with other currencies. Feel free to browse all pages.
Read also: Euro to Naira Exchange Rate (Black Market)
We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money.
Social media platforms are important sources of information. Surfing and visiting online blogs like Nairatoday.com helps them get full insight on the ever-changing rates-and you can do this from the comfort of your home.
NGN to XOF Exchange-Rate Statistics
Here's a look at the Nigerian Naira (NGN) to CFA Franc (XOF) exchange rate statistics over the last 7, 30, and 90 days:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.39691 | 0.39691 | 0.39691 |
| Low | 0.38901 | 0.38091 | 0.36430 |
| Average | 0.39397 | 0.38715 | 0.37600 |
| Volatility | 0.79% | 0.48% | 0.40% |
Tips for Safe Currency Exchange
When exchanging Naira to CFA in the black market, consider these safety tips:
- Check rates online beforehand: Research the current rates on our platform before you proceed with any transaction.
- Deal with reliable and trusted agents: Always deal with exchangers that have a physical presence.
- Bureau De Change Operators: One of the popular places to quickly get a view of what goes on is the Bureau De Change Operators. Note that Bureau De Change (BDC) operators are licensed to operate by the Nigerian government.
Currency Information
NGN - Nigerian Naira
Read also: Current USD/NGN Value
Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate.
The currency code for Nigerian Nairas is NGN.
The currency symbol is ₦.
XOF - CFA Franc
Our currency rankings show that the most popular CFA Franc exchange rate is the XOF to USD rate.
Read also: Exchange Rate Analysis
The currency code for CFA Francs is XOF.
The currency symbol is CFA.
Popular articles:
tags: #Naira
