Today’s Black Market Exchange Rate: Dollar (USD) To Naira (NGN) – January 5, 2025

What is the Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?....KINDLY READ THE FULL STORY HERE▶

Here’s the latest information on the Dollar to Naira black market exchange rate for January 4, 2025. Check below for the rates at which you can exchange your dollars for Naira.

How Much is a Dollar to Naira Today in the Black Market?

According to sources at the Bureau De Change (BDC), the exchange rate for a dollar to Naira at the Lagos Parallel Market (Black Market) is as follows:

• Buying Rate: ₦1,665
• Selling Rate: ₦1,670

Please note that the Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals to approach their banks for foreign exchange transactions.

Dollar to Naira Black Market Rate Today:

• Buying Rate: ₦1,665
• Selling Rate: ₦1,670

Dollar to Naira CBN Rate Today:

• Highest Rate: ₦1,540
• Lowest Rate: ₦1,531

Note: Actual rates may vary depending on the transaction and location.

Meanwhile, MTN Nigeria has submitted a proposal to the Nigerian Communications Commission (NCC) seeking a 100% increase in service tariffs, citing rising operational costs.