As of Wednesday, April 30, 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 ₦1601 for buying and ₦1610 for selling, based on information gathered from Bureau De Change (BDC) operators.
It is important to understand that the Central Bank of Nigeria (CBN) does not officially recognize transactions conducted in the parallel market. The CBN continues to urge individuals and businesses seeking foreign exchange to carry out their transactions through authorized commercial banks.
Current Dollar to Naira Rates – Black Market (April 30, 2025)
| Exchange | Buying Rate | Selling Rate |
|---|---|---|
| USD/NGN (Black Market) | ₦1601 | ₦1610 |
Official Dollar to Naira Rates – CBN
According to data from the Central Bank of Nigeria:
| CBN Rate Type | Value |
|---|---|
| Highest Rate | ₦1603 |
| Lowest Rate | ₦1580 |
Foreign exchange rates can fluctuate frequently, and the rate at which you buy or sell dollars may differ based on location, volume, and the particular BDC operator. Always verify current rates before engaging in currency exchange transactions.
