As of Monday, May 12, 2025, the exchange rate for the US dollar to Nigerian naira at the Lagos Parallel Market (Black Market) stands at ₦1615 for buying and ₦1625 for selling, 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 rates from the parallel market. The CBN has consistently advised individuals and businesses seeking foreign exchange to transact through authorized financial institutions, such as commercial banks.
Black Market Dollar to Naira Rate Today
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| USD to NGN | ₦1615 | ₦1625 |
CBN Official Dollar to Naira Exchange Rate
At the official CBN rate, the US dollar is trading between ₦1595 (lowest) and ₦1605 (highest) as of today.
| Currency Pair | CBN Rate – Lowest | CBN Rate – Highest |
|---|---|---|
| USD to NGN | ₦1595 | ₦1605 |
Disclaimer: Exchange Rates Vary
Please be aware that the exchange rates at which you buy or sell foreign currency may differ from the figures quoted above. Rates can fluctuate due to market demand, location, and negotiation with currency vendors.
For the most accurate and up-to-date rates, consult your local BDC operator or bank.
