Naira Under Pressure! Check The Latest Black Market Exchange Rate For March 7, 2025

Are you wondering what the dollar to naira exchange rate is in the black market today? Here’s the latest update on the parallel market exchange rate for March 6, 2025.

How Much is a Dollar to Naira in the Black Market Today?

According to sources at the Bureau De Change (BDC), traders at the Lagos Parallel Market (Black Market) buy dollars at ₦1,550 and sell at ₦1,580 as of Thursday, March 6, 2025.

Black Market Exchange Rate (USD to NGN) – March 6, 2025

Official CBN Exchange Rate – March 6, 2025

The Central Bank of Nigeria (CBN) does not recognize the black market exchange rate and has advised individuals to conduct foreign exchange transactions through their banks.

Note: The forex rates at which you buy or sell dollars may differ from the figures provided, as exchange rates fluctuate based on market demand and supply.

Dangote Group Leads as Nigeria’s Highest Taxpayer in 2024

Meanwhile, Dangote Industries Limited (DIL) and its subsidiaries have announced that they remitted over ₦402 billion in taxes in 2024, making them the largest taxpayer in Nigeria.

Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, confirmed in a statement on Thursday that the company and its subsidiaries, including Dangote Cement, NASCON, and Dangote Packaging Limited, paid a total of ₦402.319 billion in taxes last year.

Chiejina reaffirmed Dangote’s commitment to fulfilling its tax obligations at all levels while continuing its Corporate Social Responsibility (CSR) efforts to support host communities.