By Kayode Sanni-Arewa
What is the Black Market (Parallel Market) Exchange Rate for Dollar to Naira?
Check out the black market exchange rate for the U.S. dollar to the Nigerian naira as of March 15, 2025. Below are the latest rates for currency exchange in the parallel market. 
How Much is a Dollar to Naira Today in the Black Market?
As of Saturday,
March 15, 2025, the exchange rate at the Lagos Parallel Market (Black Market) sees traders buying a dollar for
₦1590 and selling at
₦1610, according to sources at the Bureau De Change (BDC).
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market and advises individuals looking to trade foreign exchange (Forex) to use their respective banks.
Dollar to Naira Black Market Rate Today
USD to NGN Black Market Exchange Rate Today
Buying Rate ₦1590
Selling Rate ₦1610
Dollar to Naira CBN Official Rate Today
USD to NGN CBN Exchange Rate Today
Highest Rate ₦1548
Lowest Rate ₦1480
Please note that exchange rates may vary based on location, trader, and transaction type, so the rates at which you buy or sell forex may differ slightly from what is stated here.
