The black market dollar to naira exchange rate today, 20 May 2025, can be accessed below.
Newsone Nigeria has obtained the official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.
Please note that Nigeria’s black market dollar-to-naira exchange rate is typically higher than the official exchange rate because the Federal Government does not regulate it. The rates you buy or sell forex may differ from what is captured in this article because prices vary.
What is the official exchange rate for dollar to naira today? Here is the dollar to naira CBN rate today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate of $1 | ₦1,597 |
| Selling Rate of $1 | ₦1,598 |
Newsone reports that the parallel exchange rate (black market rate) always differs from the CBN rate. The exchange rate between the USD and the Nigerian Naira significantly impacts the Nigerian economy. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
If you are looking to exchange USD for Naira, it is important to find a reputable dealer. You can find USD to NGN black market dealers online or in person. However, it is important to be careful when exchanging currency on the Naira Black Market, as there is a risk of being scammed.
Several factors can affect the Dollar Black Market Exchange rate, including:
Disclaimer: NEWSONE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.