Presently, the exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1555.00 per $1 on Wednesday, July 9th, 2025. The naira traded as high as 1520.00 to the dollar at the investors and exporters (I&E) window on Tuesday.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1540 and sell at ₦1555 on Tuesday 8th July, 2025, according to sources at Bureau De Change (BDC).
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.
Here is the Dollar to Naira Black Market Rate as at today
Dollar to Naira (USD to NGN)Black Market Exchange Rate TodayBuying Rate₦1540 selling rate ₦1555 while Dollar to Naira rate today
Dollar to Naira (USD to NGN)CBN Rate today Highest Rate ₦1531Lowest Rate ₦1520
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices.