The black market dollar to naira exchange rate for today, 26th January 2025, can be accessed below. Stay updated with the latest figures and trends in the currency exchange market.
This report is based on information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N1650/$1 and sell for N1660/$1.
However, they added that the rate could sometimes vary depending on the transaction, cash, or transfer form. that is to say, you will likely get a higher rate if you have physical cash to exchange.
How much is the dollar exchange rate to Naira in the Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
Dollar to Naira exchange rate: Dollar to Naira Black Market Rate Today 26th January 2025
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | N1650 |
Selling Rate | N1630 |
The local currency opened at N1665 per $1 at the parallel market otherwise known as the black market today, in Lagos Nigeria.
Even though the dollar to naira opened in the parallel market at N1660 per $1 today, The Genius Media Nigeria reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Dollar to Naira
The Genius. Media Nigeria reports that in the black market, the players buy a dollar for N1650 and sell for N1630 on Monday, 27th January 2025.
