At the Lagos Parallel Market (commonly known as the Black Market), currency traders on Thursday, 26 June 2025, were buying US dollars at ₦1570 and selling at ₦1590, according to sources at the Bureau De Change (BDC).
The Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) for foreign exchange transactions. The CBN has consistently advised individuals and businesses seeking foreign currency to use official channels by approaching their respective banks.
Dollar to Naira Black Market Rate (26 June 2025)
| Transaction Type | Rate (₦) |
|---|---|
| Buying | ₦1570 |
| Selling | ₦1590 |
Dollar to Naira CBN Official Rate (26 June 2025)
| Transaction Type | Rate (₦) |
|---|---|
| Highest Rate | ₦1549 |
| Lowest Rate | ₦1534 |
Note: Actual rates at which you buy or sell foreign currency may vary from the figures quoted here, as exchange prices can fluctuate frequently based on market conditions, location, and volume.
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