As of Wednesday, May 14, 2025, the exchange rate for the US Dollar to the Nigerian Naira on the Lagos Parallel Market (commonly referred to as the black market) stands at ₦1,625 for buying and ₦1,630 for selling.
This information is based on data obtained from reliable sources within the Bureau De Change (BDC) community.
It is important to emphasize that the Central Bank of Nigeria (CBN) does not endorse or recognize the black market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to make use of official channels by contacting their respective commercial banks.
| USD to NGN (Black Market) | Exchange Rate |
|---|---|
| Buying Rate | ₦1,625 |
| Selling Rate | ₦1,630 |
Official CBN Dollar to Naira Rate – May 14, 2025
| USD to NGN (CBN Rate) | Rate |
|---|---|
| Highest Rate | ₦1,600 |
| Lowest Rate | ₦1,595 |
Please keep in mind that the rates listed here are subject to market fluctuations and may vary depending on the location, time of transaction, and volume of currency exchanged.
Exchange rates are constantly changing due to market dynamics. This article provides indicative rates and should not be considered as financial advice. For the most accurate and up-to-date rates, consult with your bank or a licensed Bureau De Change operator.
