On Wednesday, April 23, 2025, the U.S. dollar exchanged for ₦1610 on the buying side and ₦1620 on the selling side at the Lagos parallel market, commonly referred to as the black market. These rates were gathered from traders and Bureau De Change (BDC) sources operating in the area.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market and continues to urge individuals and businesses to conduct foreign exchange transactions through official banking channels.
Today’s Black Market Rates (USD to NGN)
| Transaction Type | Black Market Rate |
|---|---|
| Buying Rate | ₦1610 |
| Selling Rate | ₦1620 |
Today’s Official CBN Rates (USD to NGN)
| Rate Type | Value |
|---|---|
| Highest Rate | ₦1606 |
| Lowest Rate | ₦1591 |
Please be aware that exchange rates may differ slightly depending on location, volume of transaction, and negotiation with the dealer.
