As of Thursday, April 24, 2025, the U.S. dollar is being exchanged at ₦1610 for buying and ₦1612 for selling in the Lagos Parallel Market, commonly known as the black market.
This information is based on data obtained from Bureau De Change (BDC) operators in the region.
Important Note:
The Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The apex bank has consistently advised individuals and businesses in need of foreign exchange to use authorized financial institutions, such as commercial banks, for all forex-related transactions.
Current Exchange Rates
Dollar to Naira – Black Market (Parallel Market) Rate
| Transaction | Exchange Rate |
|---|---|
| Buying Rate | ₦1610 |
| Selling Rate | ₦1612 |
Dollar to Naira – CBN Official Rate
| Indicator | Rate |
|---|---|
| Highest Rate | ₦1607 |
| Lowest Rate | ₦1599 |
Exchange rates in the black market can fluctuate frequently and may vary depending on location, time of day, and individual dealers. The rates listed above are indicative and may differ slightly from what is obtainable at your local exchange point.
