As of Thursday, March 27, 2025, the exchange rate for the U.S. dollar to the Nigerian naira in the Lagos Parallel Market (Black Market) stands at ₦1,555 per dollar for buyers and ₦1,560 per dollar for sellers.
This is based on information obtained from Bureau De Change (BDC) operators.
CBN’s Stance on Parallel Market Transactions
The Central Bank of Nigeria (CBN) has reiterated that it does not officially recognize the black market for foreign exchange transactions. Individuals and businesses seeking to purchase or sell forex are advised to do so through authorized financial institutions, such as commercial banks, to ensure compliance with regulations.
Dollar to Naira Black Market Rate (Unofficial Market)
| USD to NGN | Black Market Exchange Rate Today |
|---|---|
| Buying Rate | ₦1,555 |
| Selling Rate | ₦1,560 |
CBN Exchange Rate for Dollar to Naira
| USD to NGN | CBN Official Exchange Rate |
|---|---|
| Highest Rate | ₦1,540 |
| Lowest Rate | ₦1,535 |
Foreign exchange rates are subject to fluctuations based on market demand and supply dynamics. The rates at which you buy or sell USD/NGN may differ from the ones published here, as prices vary across different locations and traders. It is always advisable to confirm rates before carrying out any transactions.
