The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 19th June 2025, is N1,595 for 1 USD.
This rate is often sourced from the latest data provided by Bureau De Change (BDC) operators.
As of today, 19th June 2025, the black market buying rate for the US dollar is N1,590 while the selling rate is N1,595.
Given the volatility of the black market, exchange rates fluctuate throughout the day, influenced by economic conditions, speculative trading, and government fiscal and monetary nike huarache 2004 black mustang gt manual South Beach CZ0328 – 400 2021 Release Date Info – nike huarache 2004 black mustang gt manual , IetpShops policies. In contrast to the black market, the Central Bank of Nigeria (CBN) maintains an official exchange rate. Today, the CBN rate for one dollar is N1,549.20.
On the official CBN platform, the rates are considerably lower:
For the Saudi Riyal (SAR), the official rate stands at N410.25 for buying and N410.51 for selling.
Beyond traditional forex, cryptocurrency prices continue to fluctuate. As of this report:
Bitcoin (BTC) is valued Air Jordan 1 Retro High Top 3 at NGN152.3M per BTC, with ₦1 equivalent to 0.000000078BTC.
Ethereum (ETH) trades at NGN 2.9M per ETH, with ₦1 equivalent to 0.00000034ETH.
The gap between the official and parallel market rates underscores the challenges in Nigeria’s forex system. Persistent disparities highlight the pressure on the naira, forex supply nike revolution 7 constraints, and the struggles businesses and individuals face in sourcing foreign currency for legitimate transactions.
Foreign exchange rates also vary across commercial banks and international money transfer operators.
These discrepancies create arbitrage opportunities but also pose serious challenges for businesses reliant on stable forex access. Addressing these fluctuations and fostering stability remains a key priority for policymakers in Nigeria.
