One Dollar to Naira exchange rate in black market today for April 2025. Find the current buying and selling rates for USD to NGN and compare it with the official CBN rate. Stay updated with daily exchange rate changes.
Are you looking to know the current rate for US Dollar to Nigerian Naira in the black market today? Check out how much one dollar is worth in the parallel market, as compared to the official rates from the Central Bank of Nigeria (CBN).
What is the Dollar to Naira Exchange Rate in Black Market Today?
As of today, April 2025, the exchange rate for USD to Naira in black market is as follows:
- Buying Rate: ₦1,610
- Selling Rate: ₦1,620
The rates in the black market, often referred to as the parallel market, are typically higher than the official exchange rates set by the CBN. This difference exists due to various factors such as market demand, economic policies and the availability of foreign currency in the country.
Why the Black Market Rate Differs from the CBN Official Rate
The black market exchange rate tends to be higher than the CBN’s official rate because of limited access to foreign currencies in formal channels like banks. The Central Bank of Nigeria’s rate is usually lower, and many Nigerians opt for the black market when they need to exchange large sums of foreign currency quickly, though the risks involved are higher.
Official Dollar to Naira Rate by CBN
For official transactions, the Central Bank of Nigeria has set the exchange rate at ₦1,592.15 per US Dollar as of today. This rate is used for transactions through the banking system and government dealings.
Since exchange rates fluctuate frequently due to global and local economic events, we update this page daily. Bookmark it to stay informed on the most current black market and CBN exchange rates for USD to Naira.
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