Here is the latest black market exchange rate for the US Dollar to Nigerian Naira as of Wednesday, November 12, 2025. Currency traders in Lagos parallel markets traded dollars at ₦1453 for buying and ₦1464 for selling, according to Bureau De Change (BDC) sources.
Forex seekers should note these key details about the parallel market rates:
- USD buying rate: ₦1,453 per dollar
- USD selling rate: ₦1,464 per dollar
- Rates apply to cash transactions in Lagos black markets
The Central Bank of Nigeria (CBN) maintains an official stance against parallel market forex trading. Nigeria’s apex bank directs individuals and businesses to conduct all foreign exchange transactions through authorized banking channels.
While the black market remains active, the CBN emphasizes that Bureau De Change rates are not recognized for official transactions. The bank continues to encourage Nigerians to utilize formal banking institutions for currency exchanges to ensure regulatory compliance.
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