As of Tuesday, March 25, 2025, the exchange rate for the US dollar to the Nigerian naira in the Lagos Parallel Market (Black Market) stands as follows:
- Buying rate: ₦1,565 per dollar
- Selling rate: ₦1,570 per dollar
This information is based on updates from sources within the Bureau De Change (BDC) operators.
Important Notice
The Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) and advises individuals or businesses seeking foreign exchange (forex) transactions to use authorized financial institutions such as commercial banks.
Black Market Dollar to Naira Exchange Rate Today
| Currency | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| 1 USD to NGN | 1,565 | 1,570 |
CBN Official Dollar to Naira Exchange Rate Today
According to the official rates published by the CBN, the exchange rate for the US dollar to naira is as follows:
| Rate Type | CBN Exchange Rate (₦) |
|---|---|
| Highest Rate | 1,537 |
| Lowest Rate | 1,528 |
Foreign exchange rates fluctuate frequently due to market demand and supply dynamics. Therefore, the actual rates at which individuals or businesses buy or sell dollars may vary from those stated above. It is advisable to confirm with your forex dealer before making any transactions.
