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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 5th May 2025

Published May 5, 2025 at 8:27 AM

By BushRadio

Find the current exchange rate for the U.S. Dollar to Nigerian Naira in the parallel market (also known as the black market) for Saturday, May 4th, 2025. These are the rates at which you can exchange your dollars for naira.

Black Market Dollar to Naira Rate Today

At the Lagos Parallel Market (Black Market), according to sources from Bureau De Change (BDC) operators, the exchange rate stands as follows:

Buying Rate: ₦1,595 per dollar
Selling Rate: ₦1,600 per dollar

Important Notice:
The Central Bank of Nigeria (CBN) does not recognize transactions in the black market. Individuals seeking foreign exchange are advised to use official banking channels.

Official CBN Exchange Rate (USD to NGN) – May 4, 2025

Highest Rate: ₦1,606
Lowest Rate: ₦1,600

Please be aware that forex rates can vary based on location, demand, and the volume of transaction, so actual buying or selling prices may differ from those listed above.