As of Wednesday, May 21, 2025, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos parallel market (commonly referred to as the black market) stands as follows: dealers are purchasing dollars at ₦1,615 and selling at ₦1,628, according to sources within the Bureau De Change (BDC) sector.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to utilize authorized financial institutions, primarily commercial banks, for their forex transactions.
Today’s Black Market Exchange Rate (USD to NGN)
- Buying Rate: ₦1,615
- Selling Rate: ₦1,628
CBN Official Exchange Rate (USD to NGN)
- Highest Rate: ₦1,590
- Lowest Rate: ₦1,582
Please be aware that the exchange rates mentioned above may not reflect the exact price you’ll get at the time of your transaction, as rates can fluctuate based on demand, volume, and negotiation at the point of exchange.
