As of Saturday, April 26, 2025, the exchange rate between the U.S. dollar and the Nigerian naira at the Lagos Parallel Market (commonly known as the black market) sees players buying one dollar for ₦1,608 and selling it for ₦1,613, according to sources at the Bureau De Change (BDC).
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has consistently advised individuals seeking foreign exchange to use official banking channels rather than resorting to unofficial markets.
Dollar to Naira Black Market Rate Today
- Buying Rate: ₦1,608
- Selling Rate: ₦1,613
Dollar to Naira CBN Official Rate Today
- Highest Rate: ₦1,605
- Lowest Rate: ₦1,580
Please keep in mind that forex rates are highly volatile and can change rapidly. Therefore, the rates you may encounter when buying or selling foreign exchange could differ slightly from those listed above, depending on market conditions at the time of your transaction.
