Here are the latest black market exchange rates for US dollars to Nigerian Naira as of October 24, 2025. Currency traders in Lagos’ parallel market sold dollars at ₦1500 and purchased at ₦1485, according to Bureau De Change (BDC) sources.
Forex traders and individuals should note these key points:
- Sell rate: ₦1500 per US dollar
- Buy rate: ₦1485 per US dollar
- Rates apply to Lagos parallel market transactions
The Central Bank of Nigeria (CBN) maintains its position against unofficial forex channels. Officials direct Nigerians to conduct foreign exchange transactions through authorized banking institutions only.
These black market rates reflect currency trading without CBN approval. Market volatility may cause daily fluctuations in exchange values.
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