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Naira to Dollar Black Market Exchange Rate Today 25th September 2023 (UPDATED)

Enudi Golden by Enudi Golden
January 11, 2024
in business, Headline, News
Reading Time: 3 mins read
Naira to Dollar Black Market Exchange Rate Today 25th September 2023 (UPDATED)
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Naira to Dollar Black Market Exchange Rate Today 25th September 2023 can be accessed below.

The Dollar to Naira exchange rate is a critical indicator for many, given the economic ties between the United States and Nigeria. As of September 22, 2023, we’ve gathered comprehensive information on the Naira to Dollar rates, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. In this article, we’ll delve into the intricacies of these rates and provide you with valuable insights.

Current Naira to Dollar Black Market Rates

What is the current exchange rate for Dollar to Naira in the Black Market? As of today 25 September 2023, the  Naira to Dollar Black Market rate stands at ₦985 for buying and ₦995 for selling. However, it’s crucial to acknowledge the volatility of the Black Market rates, which can fluctuate rapidly within hours.

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Detailed Table of Dollar to Naira Black Market Rates – September 25, 2023 ($1 to $10,000)

On September 25, 2023, sources from Bureau De Change (BDC) confirmed the following exchange rates for the USD to Naira  in the Lagos Black Market:

Dollar ($) Buying (₦) Selling (₦)
1 USD 985 995
2 USD 1970 1990
5 USD 4925 4975
10 USD 9850 9950
15 USD 14775 14925
20 USD 19700 19900
25 USD 24625 24875
50 USD 49250 49750
100 USD 98500 99500
500 USD 492500 497500
1000 USD 985000 995000
2500 USD 2462500 2487500
5000 USD 4925000 4975000
10000 USD 9850000 9950000

Central Bank of Nigeria’s exchange rates for various currencies:

Currency Code Exchange Rate (Naira)
Dollar (USD) USD 738.22
Pound Sterling (GBP) GBP 953.55
Euro (EUR) EUR 787.31
Swiss Franc (CHF) CHF 816.89
Japanese Yen (JPY) JPY 5.00
West African CFA Franc (XOF) XOF 1.25
West African Unit of Account (WAUA) WAUA 1013.40

CBN Naira to Dollar Exchange Rate Today 25th September 2023

Central Bank of Nigeria’s exchange rates for various currencies:

Currency Code Exchange Rate (Naira)
Dollar (USD) USD 738.22
Pound Sterling (GBP) GBP 953.55
Euro (EUR) EUR 787.31
Swiss Franc (CHF) CHF 816.89
Japanese Yen (JPY) JPY 5.00
West African CFA Franc (XOF) XOF 1.25
West African Unit of Account (WAUA) WAUA 1013.40
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