Economy

SEE Current Black Market Dollar (USD) To Naira (NGN) Exchange Rate

Published

11 months ago

March 18, 2025

EMMANUEL AGAJI

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The exchange rate between the US Dollar (USD) and Nigerian Naira (NGN) continues to fluctuate, with notable differences between the official market rate set by the Central Bank of Nigeria (CBN) and the parallel (black) market rates.

Black Market (Parallel Market) Exchange Rate
At the Lagos Parallel Market, also known as the black market, foreign exchange traders are currently buying one US dollar at ₦1,575 and selling it at ₦1,585. These rates are sourced from Bureau De Change (BDC) operators who engage in unofficial currency transactions outside the banking system.

The Central Bank of Nigeria (CBN) maintains a regulated exchange rate for financial institutions and official transactions. Based on recent data:

The highest recorded exchange rate for the dollar stands at ₦1,552 per USD
The lowest rate observed is ₦1,512 per USD
The CBN does not recognize or support the black market, advising individuals and businesses seeking foreign exchange (forex) to obtain their funds through licensed financial institutions such as banks.

Factors Influencing the Exchange Rate
Several economic and market conditions contribute to the fluctuations in Nigeria’s forex market, including:

Dollar Supply and Demand: A shortage of forex liquidity can push black market rates higher, while an increased supply from CBN interventions or foreign inflows can stabilize the naira.
Inflation and Economic Policies: High inflation rates and policy decisions from monetary authorities significantly impact the value of the naira.

Global Economic Trends: The strength of the US dollar in international markets, crude oil prices, and foreign direct investment flows all play a role in determining the naira’s performance.
CBN Regulations and Policies: Restrictions on forex transactions, such as bans on certain imports or tighter controls on foreign remittances, can create fluctuations in the black market rates.

Exchange rates are subject to constant fluctuations, and the rates at which individuals or businesses buy and sell forex may differ from those listed above. It is advisable to consult multiple sources or directly contact banks and financial institutions for the most accurate and up-to-date exchange rates.

Economy

Naira continues to nosedive against US Dollar in official FX market

Published

5 hours ago

February 14, 2026

Admin

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The naira continued to depreciate against the United States dollar on Friday to end the week on a negative note at the official foreign exchange.

The Central Bank of Nigeria’s data showed that the Naira depreciated against the dollar to close at N1,355.41 on Friday, down from N1,353.66 on Thursday.

This means that at the official foreign exchange market, the Naira dropped by

N1.75 on a day-to-day basis.

Meanwhile, at the black market, the Naira remained stable at N1,440 per dollar on Friday, the same rate recorded on Thursday.

The week under review ended the week with mixed sentiments but recorded more appreciations than depreciations at both foreign exchange markets.

The Naira gained 10.78 and N15 on a week-on-week basis at official and parallel foreign exchange markets, respectively.

This followed the continued rise in the country’s external reserves, which stood at $47.53 billion as of February 10th, 2026.

Economy

Naira records first fall against US dollar, cancels three-day gain

Published

1 day ago

February 13, 2026

EMMANUEL AGAJI

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The naira on Thursday recorded its first depreciation against the United States dollar at the official foreign exchange market this week.

The Central Bank of Nigeria’s data showed that the Naira weakened on Thursday to N1,353.66 per dollar, down from N1,348.95.

This means that on a day-to-day basis the N4.71 dropped against the dollar.

The decline almost erased Naira’s N5.51 per dollar gain at the official exchange in the last three days.

However, at the black market, the Naira appreciated further by N5 to N1440 on Thursday per dollar, up from N1445 the previous day, owing to the apex bank’s latest intervention to Bureau De Change operators.

The development comes as Nigeria’s foreign debt grew further to $47.53 as of February 10, 2026, according to the apex bank data.

Economy

See Black Market Dollar To Naira Exchange Rate Today 13th February 2026

Published

1 day ago

February 13, 2026

EMMANUEL AGAJI

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The Black Market Dollar-to-Naira Exchange Rate for 13th February 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.

The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 13th February 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1440 and buy at ₦1420 on Friday 13th February, 2026, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1440
Buying Rate ₦1420
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1357
Lowest Rate ₦1350
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.