As of Tuesday, April 1, 2025, the exchange rate for the US Dollar to Nigerian Naira in the parallel market (commonly known as the black market) is as follows:
- Buying Rate: ₦1550 per Dollar
- Selling Rate: ₦1560 per Dollar
This rate was confirmed by sources within Bureau De Change (BDC) operators in Lagos.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has consistently encouraged individuals looking to purchase or exchange foreign currency to do so through licensed banks, which follow the official exchange rates.
Official Dollar to Naira Exchange Rate by CBN Today
For those looking to exchange currency at official rates, the CBN’s exchange rate for the US Dollar to Nigerian Naira today is:
- Highest Rate: ₦1542 per Dollar
- Lowest Rate: ₦1520 per Dollar.
- Exchange rates in the black market may fluctuate, and the rates you encounter at BDCs or during transactions could vary slightly from the ones presented here due to real-time market dynamics.
