Black Market Dollar To Naira Rate Hits New High – See Today’s Rates March 1, 2025

Black Market Dollar To Naira Rate Hits New High – See Today’s Rates March 1, 2025

Looking for the latest Dollar to Naira exchange rate at the black market (parallel market)? Check out the rates for March 1, 2025, below.

As of Friday, February 28, 2025, Bureau De Change (BDC) sources confirm the following exchange rates at the Lagos Parallel Market:…….READ MORE 

• Buying Rate: ₦1,495 per $1
• Selling Rate: ₦1,505 per $1

The Central Bank of Nigeria (CBN) has set the official exchange rates as follows:

• Highest Rate: ₦1,504 per $1
• Lowest Rate: ₦1,490 per $1

⚠️ Note: The CBN does not recognize black market transactions and advises individuals to conduct foreign exchange transactions through official banking channels.

Important: Exchange rates fluctuate and may vary from what is listed in this report. Always confirm from your forex dealer before making any transactions.