
As of Saturday, January 18, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market (Black Market) is as follows:
- Buying Rate: ₦1,670
- Selling Rate: ₦1,680
These rates were obtained from sources at the Bureau De Change (BDC).
Important Note on Black Market Transactions
The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) for foreign exchange transactions. Individuals seeking to trade foreign currencies are advised to use official banking channels and approach their respective banks for Forex transactions.
CBN Official Dollar to Naira Exchange Rate Today
At the official exchange rate provided by the CBN, the dollar is trading at the following rates:
- Highest Rate: ₦1,559
- Lowest Rate: ₦1,545
The rates provided here are for informational purposes only. Actual rates for buying or selling forex may vary depending on location, volume, and negotiation with traders. Always verify current rates from reliable sources before making any currency transactions.