Here is the latest update on the Dollar to Naira exchange rate in the parallel market (also known as the black market) as of October 17, 2025. On Thursday, October 16, 2025, traders at the Lagos Parallel Market were selling one US dollar for ₦1502 and buying it for 1480, according to sources from Bureau De Change (BDC) operators.
Please take note that the Central Bank of Nigeria (CBN) does not recognize or regulate the parallel market (black market) for foreign exchange transactions. The CBN has directed all individuals and entities that wish to engage in foreign exchange (Forex) transactions to do so through official channels, specifically by approaching their respective banks.
For reference, here are the exchange rates from the previous days:
- Dollar To Naira Exchange Rate Today, October 16, 2025
- Dollar To Naira Exchange Rate Today, October 15, 2025
- Dollar To Naira Exchange Rate Today, October 14, 2025
- Dollar To Naira Exchange Rate Today, October 13, 2025
- Dollar To Naira Exchange Rate Today, October 12, 2025
- Dollar To Naira Exchange Rate Today, October 11, 2025
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