
Dollar to Naira Exchange Rate Today (Black Market and CBN Rates)
As of Saturday, January 4, 2025, the dollar-to-naira exchange rate at the Lagos parallel market (commonly referred to as the black market) indicates that players are buying dollars for ₦1,665 and selling them at ₦1,670, based on information from Bureau De Change (BDC) operators.
Important Disclaimer
The Central Bank of Nigeria (CBN) does not officially recognize or regulate transactions in the black market. The CBN encourages individuals seeking foreign exchange to use official banking channels, such as commercial banks and licensed forex dealers.
Dollar to Naira Black Market Rates Today
Transaction Type | Rate (₦) |
---|---|
Buying Rate | ₦1,665 |
Selling Rate | ₦1,670 |
Dollar to Naira CBN Official Rates Today
Transaction Type | Rate (₦) |
---|---|
Highest Rate | ₦1,540 |
Lowest Rate | ₦1,531 |
Key Notes
- The exchange rate for buying and selling foreign currencies may differ slightly based on location, transaction volume, and market conditions.
- Always confirm rates with your provider before initiating transactions.
If you need foreign currency for business or personal use, it’s advisable to rely on official CBN-authorized channels to ensure transparency and compliance with regulatory guidelines.