Dollar To Naira Exchange Rate: Black Market USD To NGN Rate For March 15, 2025

Dollar To Naira Exchange Rate: Black Market USD To NGN Rate For March 15, 2025

The exchange rate between the US dollar and the Nigerian naira in the parallel market, commonly referred to as the black market, has been released for March 15, 2025. Below are the latest exchange rates, based on information from Bureau De Change (BDC) sources.

Black Market Exchange Rate (Lagos Parallel Market)

• Buying Rate: ₦1,585 per $1
• Selling Rate: ₦1,590 per $1

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN advises individuals and businesses to conduct foreign exchange transactions through authorized financial institutions.

CBN Official Exchange Rate

• Highest Rate: ₦1,548 per $1
• Lowest Rate: ₦1,480 per $1

Please be aware that foreign exchange rates fluctuate and may vary depending on location and trading conditions.

For the most accurate and up-to-date forex rates, individuals are encouraged to consult financial institutions or currency exchange platforms.