The black market (parallel market) exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) on Saturday, February 1, 2025 is as follows:
Buying Rate: ₦1630
Selling Rate: ₦1640
This rate is based on transactions at the Lagos Parallel Market (Black Market), according to sources from Bureau De Change (BDC) operators.
Central Bank of Nigeria (CBN) Official Rate
While the black market rate is widely used, it is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and encourages individuals to obtain foreign exchange through their respective banks. The official rates for the CBN are: 
Highest Rate: ₦1517
Lowest Rate: ₦1490
Important Note
Please note that actual buying or selling rates may vary slightly depending on the location and the Bureau De Change you are dealing with. The rates shared here are an average estimate based on recent observations.
