As of Sunday, May 11, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market commonly known as the black market stands at ₦1,625 per dollar for purchases and ₦1,630 per dollar for sales.
These figures are based on information gathered from local Bureau De Change (BDC) operators.
It is important to note that the Central Bank of Nigeria (CBN) does not recognize or support transactions conducted in the parallel market. The CBN advises individuals and businesses seeking foreign exchange to do so through official banking channels and authorized dealers.
Today’s Black Market Exchange Rate (USD to NGN)
| Transaction Type | Rate (₦) |
|---|---|
| Buying Rate | ₦1,625 |
| Selling Rate | ₦1,630 |
Official CBN Dollar to Naira Exchange Rate Today
According to data from the Central Bank of Nigeria:
| CBN Exchange Rate (USD to NGN) | Rate (₦) |
|---|---|
| Highest Rate | ₦1,614 |
| Lowest Rate | ₦1,608 |
Please be aware that foreign exchange rates are highly volatile and can differ slightly depending on the vendor, location, and market demand. The figures stated above are provided for informational purposes and may vary at the point of actual transaction.
