Naira Struggles As Dollar Continues To Surge: Latest Black Market Rate Revealed

On March 11th, 2025, in the Lagos Parallel Market (Black Market), the exchange rate is as follows:

• Buying rate: ₦1575 per dollar
• Selling rate: ₦1580 per dollar

It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals looking to engage in Forex transactions to do so through their respective banks.

For comparison, the CBN’s official rate today ranges between:

• Highest rate: ₦1540
• Lowest rate: ₦1512

Please be aware that the rates mentioned here can fluctuate as the forex market is dynamic.