As of Wednesday, June 11, 2025, the exchange rate for the U.S. dollar at the Lagos parallel market commonly referred to as the black market shows that the dollar is being bought at ₦1,582 and sold at ₦1,585, according to traders at the Bureau De Change (BDC).
Important Notice:
The Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign exchange to approach their respective commercial banks for legitimate and regulated access.
Today’s Dollar to Naira Exchange Rates
| Market Type | USD to NGN (Naira) |
|---|---|
| Black Market | ₦1,582 (Buy) / ₦1,585 (Sell) |
| CBN Official Rate | Between ₦1,538 and ₦1,546 |
Exchange rates in the forex market—especially the parallel/black market—can fluctuate frequently based on demand and supply, location, and dealer discretion. As such, the actual rate at which you buy or sell foreign currency may differ slightly from the figures above.
Stay updated with trusted financial news sources for accurate daily forex rates and ensure you use official channels for significant foreign exchange transactions.
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