Dollar to Naira Parallel Market Rate – July 26, 2026
The black market (parallel market) dollar to naira exchange rate for July 25, 2026 was reported by Bureau De Change (BDC) sources in Lagos. Traders were selling one US dollar for ₦1,415 and buying it for ₦1,406.
These rates reflect the unofficial market where individuals and businesses obtain foreign currency outside the Central Bank of Nigeria’s official channels. The CBN continues to advise users to conduct foreign exchange transactions through licensed banks rather than the parallel market.
While the parallel market provides an alternative source of forex, it operates without CBN endorsement and carries higher risk. Users should consider the official rates offered by their banks for safer transactions.
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