Black Market Dollar (USD) To Naira (NGN) Exchange Rate

Black Market Dollar (USD) To Naira (NGN) Exchange Rate

Black Market Dollar to Naira Exchange Rate on Sunday, February 2, 2025

According to sources from Bureau De Change (BDC), the current exchange rate in the Lagos Parallel Market (commonly known as the black market) shows that one U.S. dollar is being bought for N1,630 and sold for N1,640 on Sunday, February 2, 2025.

Key Details:

  • Buying Rate: N1,630 per dollar
  • Selling Rate: N1,640 per dollar

It is important to note that the Central Bank of Nigeria (CBN) does not recognize transactions in the parallel market. The CBN directs individuals who wish to engage in foreign exchange trading to conduct their transactions through their authorized banks.

Central Bank of Nigeria (CBN) Exchange Rates:

  • Highest CBN Rate: N1,517 per dollar
  • Lowest CBN Rate: N1,490 per dollar

Please be aware that actual buying and selling rates may differ from the figures provided here, as forex prices can vary based on market conditions.

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