As of Sunday, April 20, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos parallel market (commonly referred to as the black market) stands at ₦1610 per dollar for purchases and ₦1615 per dollar for sales.
This is based on information gathered from traders and sources within the Bureau De Change (BDC) sector.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially acknowledge or support transactions carried out in the parallel market. Instead, the CBN advises all individuals and businesses seeking foreign exchange (forex) to do so through authorized financial institutions, particularly their respective banks.
Today’s Dollar to Naira Black Market Rate
| Transaction Type | Rate (₦) |
|---|---|
| Buying | ₦1610 |
| Selling | ₦1615 |
CBN Official Dollar to Naira Rate
| Rate Type | Value (₦) |
|---|---|
| Highest | ₦1603 |
| Lowest | ₦1595 |
Please keep in mind that exchange rates are not fixed and can fluctuate within hours due to market demand, supply, and other economic factors. The actual rates you may get when buying or selling foreign currency can differ from what is quoted here, depending on your location and the specific dealer you engage with.
