As of Monday, June 9, 2025, the exchange rate for the U.S. dollar against the Nigerian naira in the Lagos parallel market, commonly referred to as the black market, stands at ₦1,615 for buying and ₦1,620 for selling, according to information from Bureau De Change (BDC) operators.
Important Note on Black Market Transactions
It is important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize or endorse the use of the parallel market for foreign exchange transactions. The CBN has continued to advise individuals and businesses seeking to obtain foreign currency to do so through licensed financial institutions, specifically their commercial banks.
Black Market Dollar to Naira Exchange Rate
| Currency Pair (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,615 |
| Selling Rate | ₦1,620 |
CBN Official Exchange Rate for Dollar to Naira
| Currency Pair (USD to NGN) | CBN Exchange Rate |
|---|---|
| Highest Rate | ₦1,560 |
| Lowest Rate | ₦1,545 |
Please note that foreign exchange rates are subject to rapid fluctuations based on market dynamics and location. The rates listed above may differ from what is obtainable at your local BDC operators or financial institutions.
For the most accurate and up-to-date rates, it's advisable to consult your bank or a licensed forex dealer.
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