The exchange rate for the U.S. dollar to the Nigerian naira in the Lagos parallel market (commonly known as the black market) sees traders buying a dollar at ₦1,580 and selling at ₦1,590 on Friday, March 21, 2025, according to sources within the Bureau De Change (BDC).
Important Notice:
The Central Bank of Nigeria (CBN) does not officially recognize black market transactions and advises individuals seeking foreign exchange to conduct transactions through their respective banks.
Dollar to Naira Black Market Exchange Rate Today
| Currency | Buying Rate (NGN) | Selling Rate (NGN) |
|---|---|---|
| 1 USD | ₦1,580 | ₦1,590 |
CBN Official Dollar to Naira Exchange Rate
| Currency | Highest Rate (NGN) | Lowest Rate (NGN) |
|---|---|---|
| 1 USD | ₦1,545 | ₦1,526 |
Foreign exchange rates fluctuate due to market demand and supply. The rates provided above may differ from what is available in real-time transactions. Always verify rates from reliable sources before engaging in forex trading.
