The exchange rate for the U.S. Dollar to Nigerian Naira at the Lagos Parallel Market (Black Market) on Wednesday, January 1, 2025, stands as follows:
- Buying Rate: ₦1660
- Selling Rate: ₦1670
Sources from Bureau De Change (BDC) confirmed these rates.
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel (black) market and has advised individuals wishing to engage in foreign exchange to approach their respective banks.
CBN Official Exchange Rates
- Highest Rate: ₦1550
- Lowest Rate: ₦1520
Please be aware that the actual rates you experience for buying or selling foreign exchange may vary depending on the source and market conditions.