Dollar to Naira Exchange Rate – Black Market (Parallel Market) for March 16, 2025
GistDollar to Naira Exchange Rate – Black Market (Parallel Market) for March 16, 2025Published 2 hours ago on March 16, 2025By Ireporteronlinenigerian naira 2 1
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Dollar to Naira Exchange Rate – Black Market (Parallel Market) for March 16, 2025
As of March 15, 2025, the exchange rate for the U.S. dollar in Nigeria’s black market (parallel market) is as follows:
Buying Rate: ₦1590 per dollar
Selling Rate: ₦1610 per dollar
This rate is based on the most recent figures from Bureau De Change (BDC) sources in Lagos.
It’s important to note that the Central Bank of Nigeria (CBN) does not endorse these parallel market rates. The CBN continues to direct individuals seeking to exchange foreign currencies to approach authorized banks, where the official exchange rate is typically lower……READ MORE
For comparison, the official rates set by the CBN are:
