As of Saturday, January 25, 2025, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos Parallel Market (Black Market) stands as follows:
- Buying Rate: ₦1660 per dollar
- Selling Rate: ₦1670 per dollar
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). The CBN has instructed individuals seeking foreign exchange to approach their respective banks for transactions.
Additionally, the official CBN exchange rates for the dollar to naira today are:
- Highest Rate: ₦1550 per dollar
- Lowest Rate: ₦1515 per dollar
Please keep in mind that actual exchange rates may differ from these values as rates can vary based on the location and the specific Bureau De Change (BDC).
