Currency Chaos: Parallel Market Dollar Exchange Rate Climbs To ₦1,550

Here’s the black market Dollar to Naira exchange rate for March 28, 2025. You can exchange your dollars for Naira at these rates.

How much is a dollar worth in the black market today?

The exchange rate for the Dollar to Naira in Lagos Parallel Market (Black Market) is ₦1540 for buying and ₦1550 for selling as of Friday, March 28, 2025, according to Bureau De Change (BDC) sources.

Please note, the Central Bank of Nigeria (CBN) does not recognize the parallel market and has instructed individuals seeking to exchange foreign currency to approach their banks.

Dollar to Naira Black Market Rates Today:

• Buying Rate: ₦1540

• Selling Rate: ₦1550

Dollar to Naira CBN Rate Today:

• Highest Rate: ₦1540

• Lowest Rate: ₦1535

Please be aware that actual exchange rates may differ from those listed here, as rates fluctuate.

In addition, Nigeria’s Money Supply (M2) grew by 17.3% year-on-year, reaching ₦110.3 trillion in February 2025, up from ₦93.97 trillion in February 2024, according to the Central Bank of Nigeria’s recent Money and Credit Statistics report.