As of Friday, 27 June 2025, traders in Lagos’s parallel (black) market are buying one US dollar at ₦1570 and selling at ₦1580, based on information from Bureau De Change (BDC) operators.
These rates reflect trading outside the official channels and are subject to rapid fluctuations driven by demand, availability of dollars, and speculative activity.
Official CBN Dollar to Naira Rate Today
The Central Bank of Nigeria (CBN) maintains an official exchange window with different rates. For today:
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Highest official rate: ₦1547 per $1
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Lowest official rate: ₦1535 per $1
Unlike the parallel market, the official rates are set within a regulated window and are generally more stable.
Important Notice on Forex Transactions
The CBN does not recognize or endorse the parallel market. It has repeatedly advised individuals and businesses seeking foreign exchange to use official banking channels. Customers are encouraged to approach their banks or licensed BDCs operating within approved guidelines to avoid potential risks such as fraud, volatility, and regulatory penalties.
Please note that foreign exchange rates are highly dynamic and can vary significantly across locations, dealers, and times of day. The buying and selling rates you encounter may differ from those published here. Always confirm current rates before making any large transactions or business decisions.
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