The Naira continued to struggle in the foreign exchange market as the black market exchange rate showed persistent pressure on Nigeria’s local currency.
As of today, Tuesday, May 27th, 2025, the exchange rate for the United States Dollar to the Naira in the black market remains volatile, reflecting strong demand for dollars against limited supply.
Foreign exchange traders and currency dealers in Lagos and other major cities in Nigeria are reporting the following rates:
| Currency | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Dollar to Naira | 1,615 | 1,625 |
These rates indicate continued depreciation of the Naira in the unofficial market, with traders noting sustained pressure due to high demand from importers, students, and individuals planning foreign trips.
How Much Is Dollar to Naira Today in Black Market?
The question “how much is dollar to naira today in black market” remains one of the most searched queries by Nigerians, reflecting the importance of the parallel market for many individuals and businesses.
As of Tuesday, May 27, 2025, the black marketbuying rate is ₦1,615 per dollar, while the selling rate stands at ₦1,625. These rates can vary slightly depending on location and volume of transaction, but the spread remains within this range across major trading hubs.
Nigerians continue to rely heavily on the black market for their foreign exchange needs, especially due to limited access to official rates from the Central Bank of Nigeria (CBN).
