As of Wednesday, April 16, 2025, the exchange rate for the US dollar to Nigerian naira in the Lagos parallel market, commonly known as the black market, stands at ₦1600 for buying and ₦1610 for selling, according to sources from the Bureau De Change (BDC).
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize rates from the parallel market. The CBN continues to advise individuals and businesses seeking foreign exchange to approach their banks or authorized dealers for official rates and transactions.
Dollar to Naira Black Market Rate Today
| Type | Rate (₦) |
|---|---|
| Buying | 1600 |
| Selling | 1610 |
Dollar to Naira Official (CBN) Rate Today
| Type | Rate (₦) |
|---|---|
| Highest Rate | 1630 |
| Lowest Rate | 1593 |
Please keep in mind that exchange rates can fluctuate throughout the day depending on demand and supply. The rates provided here are estimates and may vary slightly depending on location and vendor.
