Unofficial USD to NGN Exchange Rate for the 20th of September, 2025
News Article: Dollar-to-Naira Exchange Rate in Lagos' Parallel Market on September 19, 2025
On Friday, 19th September, 2025, the exchange rate for the US dollar to Nigerian Naira at the Parallel Market (Black Market) in Lagos was ₦1535 for selling and ₦1540 for buying.
This exchange rate information is based on the rates observed at the Parallel Market in Lagos on the same day. It is important to note that the Central Bank of Nigeria (CBN) does not recognize the Parallel Market and provides a different exchange rate for forex transactions.
On the other hand, the CBN offers a more stable exchange rate for forex transactions. The buying rate for a dollar to naira at the CBN today is ₦1510, while the selling rate is ₦1487. This makes the CBN rate slightly more favourable for those looking to sell dollars.
However, it's worth noting that the rates you buy or sell forex may be different from what is captured in this article because prices vary. It is always best to confirm the current rates with your financial institution or a reliable source before engaging in any forex transactions.
Individuals who want to engage in Forex are directed by the Central Bank of Nigeria to approach their respective banks. The CBN encourages the use of official channels to ensure transparency and security in all financial transactions.
It is also important to remember that the exchange rate information provided in this article is for the Parallel Market in Lagos on September 19, 2025. Rates may vary in other locations or on different days. For the most accurate and up-to-date exchange rate information, it is recommended to consult reliable sources.
On September 20, 2025, in Lagos, the parallel market exchange rate for the US dollar to Nigerian Naira was approximately 1 USD = 1,050 NGN. This rate is significantly higher than the CBN rate, underscoring the importance of using official channels for forex transactions.
In conclusion, while the Parallel Market offers a higher exchange rate for forex transactions, it is important to note that the CBN provides a more stable and secure environment for such transactions. It is always best to approach your bank or a reliable source for the most accurate and up-to-date exchange rate information.
