As of Friday, April 4, 2025, the exchange rate for the US Dollar to the Nigerian Naira in the Lagos Parallel Market, also known as the black market, is ₦1555 for buying and ₦1565 for selling.
This information is sourced from operators in the Bureau De Change (BDC) sector.
It is crucial to note that the Central Bank of Nigeria (CBN) does not officially acknowledge the parallel market for foreign exchange transactions. The CBN has issued a directive for individuals interested in buying or selling foreign currencies to do so through authorized commercial banks, which are the legal and regulated channels for such exchanges.
Exchange Rates for Dollar to Naira (April 4, 2025)
- Buying Rate (Black Market): ₦1555
- Selling Rate (Black Market): ₦1565
Central Bank of Nigeria (CBN) Official Dollar to Naira Rates
- Highest Rate (CBN): ₦1625
- Lowest Rate (CBN): ₦1519
While the figures provided offer a general overview, it’s important to remember that exchange rates are subject to constant fluctuation based on market dynamics. Rates can vary between different Bureau De Change operators, and even from one part of the country to another.
Therefore, the actual rates you encounter when exchanging dollars for naira may differ slightly from the ones outlined here.
