The exchange rate for the U.S. dollar to the Nigerian naira in the Lagos parallel market (black market) shows that traders are buying at ₦1,595 per dollar and selling at ₦1,610 per dollar on Sunday, March 17, 2025, according to Bureau De Change (BDC) sources.
Important Notice:
The Central Bank of Nigeria (CBN) does not officially recognize the black market and has advised individuals and businesses to conduct foreign exchange transactions through authorized financial institutions, such as commercial banks.
Dollar to Naira Exchange Rates Today – Black Market
| USD to NGN | Black Market Rate |
|---|---|
| Buying Rate | ₦1,595 |
| Selling Rate | ₦1,610 |
CBN Official Exchange Rate for Dollar to Naira
| USD to NGN | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,548 |
| Lowest Rate | ₦1,480 |
Foreign exchange rates fluctuate based on market conditions, location, and negotiation power. The rates listed here are estimates, and actual prices may vary when exchanging currency. Always verify with your forex dealer before making transactions.
