As of Friday, April 18, 2025, the exchange rate for the United States Dollar to the Nigerian Naira in the Lagos Parallel Market commonly referred to as the black market stands at ₦1,615 per dollar for buying and ₦1,620 per dollar for selling, based on information obtained from Bureau De Change (BDC) sources.
Important Notice:
The Central Bank of Nigeria (CBN) does not acknowledge the black market as an official channel for foreign exchange transactions. The CBN has consistently advised individuals and businesses seeking forex to utilize commercial banks and other authorized financial institutions for their currency exchange needs.
Today’s Black Market Exchange Rate (USD to NGN):
| Type | Rate (₦) |
|---|---|
| Buying Rate | ₦1,615 |
| Selling Rate | ₦1,620 |
Central Bank of Nigeria (CBN) Official Exchange Rate (USD to NGN):
| Indicator | Rate (₦) |
|---|---|
| Highest Rate | ₦1,603 |
| Lowest Rate | ₦1,595 |
Exchange rates are subject to frequent fluctuations and may differ depending on your location, the dealer, or the channel used. It’s always advisable to confirm the current rate before making any transaction, especially in the parallel market.
