See the black market Dollar to Naira exchange rate for 21st May, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1615 and sell at ₦1628 on Wednesday 21st May, 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.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦1615 |
| Selling Rate | ₦1628 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1590 |
| Lowest Rate | ₦1582 |
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This decision was announced at the end of the MPC meeting on Tuesday.
Additionally, the committee chose to keep the Cash Reserve Ratio (CRR) unchanged at 50% for Deposit Money Banks and 16% for Merchant Banks.
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