Here is the latest Dollar to Naira exchange rate in Nigeria’s parallel market as of October 23, 2025. Currency traders can reference these rates when exchanging foreign currency.
According to Bureau De Change (BDC) sources in Lagos, the black market rate on Thursday, October 23, 2025, showed traders selling dollars at ₦1499 and buying at ₦1475. These rates represent the unofficial exchange values in Nigeria’s parallel forex market.
CBN Position on Parallel Forex Market
Nigerians should note that the Central Bank of Nigeria (CBN) does not recognize these parallel market rates. The banking regulator has repeatedly advised individuals needing foreign exchange services to conduct transactions through authorized banks, not unofficial street markets.
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