Economy
SEE Current Black Market Dollar (USD) To Naira (NGN) Exchange Rate
The exchange rate between the US dollar and the Nigerian naira continues to draw significant attention from individuals and businesses alike, especially those involved in international trade and remittances.
On Saturday, April 12, 2025, activity in the Lagos parallel market, commonly known as the black market shows that the buying rate for one US dollar stands at ₦1570, while the selling rate is ₦1575.
These figures are sourced from traders and Bureau De Change (BDC) operators who are active in key currency exchange hubs across Lagos.
Why the Black Market Rate Matters
Although the Central Bank of Nigeria (CBN) does not officially recognize or support the use of the black market for foreign exchange transactions, many Nigerians still rely on it due to difficulties in accessing forex through official banking channels. Issues such as limited availability, long processing times, and strict documentation requirements have made the black market a more accessible, albeit riskier, alternative.
CBN’s Official Position
The CBN continues to warn against participating in parallel market trading, stating that such activities undermine the stability of the national currency. The apex bank urges those in need of foreign currency to apply through authorized financial institutions, which are mandated to follow official exchange rates.
Nonetheless, the disparity between the official and unofficial markets persists, often influenced by market forces such as demand, inflation, and fluctuations in Nigeria’s foreign reserves.
Latest Exchange Rates Overview
Black Market (Parallel Market) Rate
Currency Pair Buying Rate Selling Rate
USD/NGN ₦1570 ₦1575
CBN Official Rate
Currency Pair Highest Rate Lowest Rate
USD/NGN ₦1630 ₦1570
Key Notes for Forex Users
The exchange rates in the black market often differ slightly from one location or dealer to another due to market volatility and negotiation margins.
Rates can also fluctuate within hours based on economic news, government policies, and global financial trends.
It is advisable to compare rates from multiple sources before conducting any large transactions, especially in volatile markets.
What This Means for Nigerians
The current forex rates reflect continued pressure on the naira, and many analysts believe that inflation, reduced oil revenue, and inconsistent monetary policies are key factors driving the demand for the dollar. For everyday Nigerians, this means the cost of imported goods remains high, and businesses dependent on international suppliers face growing challenges.
Until forex supply stabilizes through official channels, the black market will likely remain a major player in Nigeria’s currency landscape.
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.
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.
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.
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