As of Monday, April 7, 2025, the U.S. dollar exchanged for the Nigerian naira at the Lagos parallel market (commonly referred to as the black market) at a buying rate of ₦1,555 and a selling rate of ₦1,565, according to sources within the Bureau De Change (BDC) network.
It’s important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize the black market as a legitimate channel for foreign exchange transactions. The CBN continues to advise individuals and businesses seeking foreign currency to carry out their transactions through authorized financial institutions, particularly commercial banks.
Dollar to Naira Black Market Exchange Rate – April 7, 2025
| Currency | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| USD to NGN | 1,555 | 1,565 |
Official CBN Dollar to Naira Exchange Rate – April 7, 2025
| Currency | Lowest Rate (₦) | Highest Rate (₦) |
|---|---|---|
| USD to NGN | 1,590 | 1,655 |
Note: Foreign exchange rates vary depending on location, volume of transaction, and demand. The rates listed here serve as a reference and may differ slightly from actual market prices at the time of exchange.
