Gist
Dollar to Naira Exchange Rate (Black Market) – March 21, 2025
Dollar to Naira Exchange Rate (Black Market) – March 21, 2025
The exchange rate for the U.S. dollar to the Nigerian naira in the parallel (black) market is as follows:
- Buying Rate: ₦1580
- Selling Rate: ₦1585
These rates were recorded on March 20, 2025, at Bureau De Change (BDC) outlets in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and recommends that individuals engage with banks for official foreign exchange transactions.
For comparison, the official CBN rates are:
- Highest Rate: ₦1545
- Lowest Rate: ₦1526
Please remember that the rates can vary from what is published, depending on the transaction and location.
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