As of Sunday, January 26, 2025, the exchange rate of the U.S. dollar to the Nigerian naira at the Lagos Parallel Market (commonly referred to as the black market) is as follows:
- Buying Rate: ₦1660
- Selling Rate: ₦1670
These figures are based on information obtained from Bureau De Change (BDC) operators.
Important Note
The Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN advises individuals or businesses looking to engage in foreign exchange transactions to use authorized financial institutions, such as banks, for legitimate forex dealings.
Dollar to Naira Black Market Rate Today
- Buying Rate: ₦1660
- Selling Rate: ₦1670
Dollar to Naira CBN Rate Today
The official exchange rate set by the CBN fluctuates within the following range:
- Highest Rate: ₦1550
- Lowest Rate: ₦1515
Please be aware that the rates at which you buy or sell foreign currency may differ from those listed here, as exchange rates often vary depending on location, demand, and other market factors.
For accurate and up-to-date information, always verify rates with your preferred exchange provider.
