Dollar Vs Naira: Latest Exchange Rate Update For January 25, 2026

Below is the black market exchange rate for the Dollar to Naira as of Friday, January 24, 2025. These are the rates at which you can exchange U.S. dollars for naira.

Dollar to Naira Black Market Rate Today

At the Lagos parallel market, commonly referred to as the black market, Bureau De Change (BDC) operators are selling one dollar at ₦1,490 and buying at ₦1,482, according to market sources.

Black Market Exchange Rates (USD/NGN):

• Selling Rate: ₦1,490

• Buying Rate: ₦1,482

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the black market. The apex bank advises individuals seeking foreign exchange to conduct transactions through authorised commercial banks.

CBN Official Dollar to Naira Rate Today

According to the CBN:

• Highest Rate: ₦1,423

• Lowest Rate: ₦1,420

Please be aware that actual exchange rates may differ slightly from those stated above, as forex prices can vary depending on location and market conditions.