The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) has been a topic of interest for many. As of September 13, 2025, the rates at the Lagos Parallel Market, commonly referred to as the black market, show that buyers are purchasing dollars for ₦1522 and selling them for ₦1506.
It is important to note that the Central Bank of Nigeria (CBN) does not endorse the parallel market. The CBN has advised individuals seeking to engage in foreign exchange to utilize their respective banks.
For reference, here are the current rates:
Dollar to Naira Black Market Rates:
Buying Rate: ₦1522
Selling Rate: ₦1506
Dollar to Naira CBN Rates:
Highest Rate: ₦1503
Lowest Rate: ₦1498
Keep in mind that the rates for buying or selling forex may vary from those mentioned in this article.
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