Live Black Market / Parallel Market Rate • Updated Manually
As of today, the black market exchange rate for 1 South African Rand (ZAR) stands at ₦70.00 (buy rate) to ₦90.00 (sell rate). These rates are manually updated multiple times daily from the parallel market (Aboki rates) in major cities like Lagos, Abuja, Port Harcourt, and Kano.
Many Nigerians, businesses, travelers, and money exchangers rely on these parallel market rates rather than official CBN rates because they better reflect the actual cash market supply and demand for foreign currency. Whether you want to buy South African Rand for international travel, business payments, or sell your foreign currency to get Naira, this page gives you the most current and practical rates.
The spread between buy and sell rates is influenced by factors such as currency availability, economic policies, seasonal demand, and global market trends. We continuously monitor the market to keep this zar to naira page accurate and useful.
Current Sell Rate: ₦90.00
| Amount (ZAR) | Sell Total (₦) |
|---|---|
| 1 ZAR | ₦90 |
| 5 ZAR | ₦450 |
| 10 ZAR | ₦900 |
| 20 ZAR | ₦1,800 |
| 50 ZAR | ₦4,500 |
| 100 ZAR | ₦9,000 |
| 200 ZAR | ₦18,000 |
| 500 ZAR | ₦45,000 |
| 1000 ZAR | ₦90,000 |
| 2000 ZAR | ₦180,000 |
| 5000 ZAR | ₦450,000 |
The South African Rand (ZAR) is one of the most widely traded currencies in Nigeria's parallel market. As a major global currency, it plays a vital role in international trade, remittances, education abroad, medical tourism, and business transactions for many Nigerians.
| Quantity | Sell Total (₦) |
|---|---|
| 1 | ₦90 |
| 2 | ₦180 |
| 3 | ₦270 |
| 4 | ₦360 |
| 5 | ₦450 |
| 10 | ₦900 |
| 20 | ₦1,800 |
| 25 | ₦2,250 |
| 30 | ₦2,700 |
| 40 | ₦3,600 |
| 50 | ₦4,500 |
| 60 | ₦5,400 |
| 70 | ₦6,300 |
| 80 | ₦7,200 |
| 90 | ₦8,100 |
| 100 | ₦9,000 |
The exchange rate between the South African Rand and the Nigerian Naira has experienced significant fluctuations over the past two decades. Before the 2016 forex crisis, 1 ZAR traded around ₦200 – ₦250. Following the economic recession and multiple devaluations of the Naira, the rate climbed steadily, often crossing ₦1,000 by 2023 and reaching new highs in 2024–2025 due to high demand for foreign currency and limited dollar/euro supply in the official market.
The gap between the official CBN rate and the black market (parallel market) rate widened considerably during periods of economic uncertainty, fuel subsidy removal, and global inflation. Today, many individuals and businesses prefer the black market rate because it reflects real-time supply and demand more accurately than the official window.
We monitor the parallel market daily to bring you accurate black market rates.
Last updated: 05 Jun 2026