The U.S. dollar exchanged at ₦1580 (buy) and ₦1590 (sell) in the Lagos Parallel Market, also known as the black market, on Thursday, June 5, 2025.
This information comes from traders at various Bureau De Change (BDC) outlets in Lagos.
Dollar to Naira Black Market Rate Today
| Exchange Type | Rate (₦) |
|---|---|
| Buying Rate | ₦1580 |
| Selling Rate | ₦1590 |
Dollar to Naira CBN Official Rate
While the black market operates independently, the Central Bank of Nigeria (CBN) provides official exchange rates which are usually lower. According to the CBN as of today:
| CBN Rate Type | Value (₦) |
|---|---|
| Highest Rate | ₦1560 |
| Lowest Rate | ₦1545 |
Important Notice
The Central Bank of Nigeria does not recognize transactions carried out in the parallel market. It has advised individuals and businesses seeking foreign exchange (forex) to do so through authorized financial institutions, including commercial banks.
Exchange rates may vary depending on location, transaction size, and negotiation. As such, the rate at which you buy or sell dollars might differ slightly from those listed here.
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