As of Thursday, July 17, 2025, the exchange rate for the U.S. dollar to Nigerian naira at the Lagos Parallel Market, also known as the Black Market, is as follows:
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Buying Rate: ₦1,540 per $1
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Selling Rate: ₦1,545 per $1
This information is based on figures gathered from Bureau De Change (BDC) operators and parallel market sources in Lagos.
The Central Bank of Nigeria (CBN) does not officially recognize or endorse transactions carried out in the black market. The CBN has advised individuals and businesses to conduct foreign exchange transactions through authorized financial institutions, such as commercial banks.
Dollar to Naira – Exchange Rate Summary
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,540 |
| Selling Rate | ₦1,545 |
Dollar to Naira – CBN Official Rate Today
According to data available from the Central Bank of Nigeria, the official exchange rate for Thursday, July 17, 2025, is as follows:
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,538 |
| Lowest Rate | ₦1,520 |
Note to Readers
Please be aware that foreign exchange rates can fluctuate frequently, and the rates at which individuals or businesses buy or sell dollars may differ based on the location, volume, and negotiation power with BDC operators or financial institutions.
It’s advisable to compare rates across different platforms and confirm with your preferred exchange provider before making any transactions.
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