Currency Crisis: Nigerians Face Hike With Dollar Trading at ₦1,555 In Black Market

Below is the exchange rate for the Dollar to Naira on April 7, 2025. You can trade your dollars for Naira at these rates.

How much is a Dollar to Naira today in the black market? The Dollar to Naira exchange rate at the Lagos Parallel Market (Black Market) on Monday, April 7, 2025, shows that players are buying the Dollar for ₦1,555 and selling it at  according to sources at Bureau De Change (BDC).

It’s important to note that the Central Bank of Nigeria (CBN) does not endorse the parallel market (black market) and has instructed individuals seeking forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

• Buying Rate: ₦1,555

• Selling Rate: ₦1,565

Dollar to Naira CBN Rate Today

• Highest Rate: ₦1,655

• Lowest Rate: ₦1,590

Please keep in mind that the rates at which you buy or sell forex may differ from what is mentioned here, as prices fluctuate.

In a positive turn of events, food prices in Nigeria are beginning to decrease, offering relief to households struggling with inflation. A recent survey by The Nation across Lagos and other major cities shows a consistent decline in the cost of essential food items in recent weeks. Commodities like rice, maize, and vegetable oil, which had seen sharp price hikes, are now becoming more affordable for everyday consumers.