As of today, Thursday, April 17, 2025, the exchange rate for the United States dollar to the Nigerian naira in the Lagos Parallel Market, commonly referred to as the black market, is reported at ₦1600 for buying and ₦1607 for selling.
These figures are based on information gathered from Bureau De Change (BDC) operators.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market or parallel exchange rates. The CBN continues to advise individuals and businesses seeking foreign exchange to do so through official banking channels.
Black Market Dollar to Naira Rate – April 17, 2025
| Type | Rate |
|---|---|
| Buying | ₦1600 |
| Selling | ₦1607 |
CBN Official Dollar to Naira Rate – April 17, 2025
| Type | Rate |
|---|---|
| Highest Rate | ₦1603 |
| Lowest Rate | ₦1595 |
While these figures serve as a general benchmark, it’s important to keep in mind that forex rates fluctuate frequently, and actual buying or selling prices may vary depending on location, time of day, and the dealer involved.
For the most reliable and official forex transactions, users are strongly encouraged to consult their banks or authorized dealers in compliance with CBN guidelines.
