Okay.ng reports verified daily updates on the Dollar to Naira exchange rate in Nigeria — covering the CBN official rate, black market rate, and Bureau De Change (BDC) figures.
This tracker is updated every day to help you stay informed on the latest forex rates and how they affect trade, travel, business, and investments.
Insight:
The naira depreciated slightly today in the black market, trading as high as ₦1,625. Demand continues to rise as the new week begins, while the CBN maintains a steady official rate.
April 12, 2025
| Market | Buy (₦) | Sell (₦) | Mid Rate (₦) | Source |
|---|---|---|---|---|
| Black Market | ₦1,600.00 | ₦1,620.00 | ₦1,610.00 | Lagos Parallel Market |
| CBN Official Rate | ₦1,590.85 | ₦1,591.85 | ₦1,591.35 | Central Bank of Nigeria |
Insight:
The naira traded within a tight range in both the official and parallel markets on April 12. While the CBN maintained its rate, the black market saw the dollar cross ₦1,620 amid sustained demand from small businesses and importers.
Why These Rates Matter
- The CBN rate is used for official transactions, including imports, school fees, and government dealings.
- The black market rate reflects real-world demand and availability and is widely used by individuals and businesses.
- The BDC rate often falls between both markets and varies by location.
Exchange rate fluctuations affect the cost of goods, services, international payments, and even local inflation. Whether you’re trading forex, shopping abroad, or saving in dollars, Okay.ng brings you the data you need daily.
Looking Ahead
Okay.ng will continue to provide daily updates to help track the naira’s performance.
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