Black Market Dollar to Naira Exchange Rate Holds Steady on 16th Sept

The black market exchange rate for USD to Naira on September 16, 2025, remained stable compared to the previous day. Individuals looking to buy or sell dollars in Lagos encountered a consistent rate.

The black market serves those seeking an alternative to official banking channels for currency exchange. It provides a platform for individuals to engage in transactions outside traditional banking systems.

The exchange rate on September 15, 2025, was in line with market expectations. The black market continues to operate as an option for those seeking foreign currency transactions outside the regulated banking sector.