Here is the latest Dollar to Naira exchange rate in Nigeria’s parallel market. On Tuesday, October 28, 2025, Bureau De Change (BDC) operators in Lagos sold one US dollar for ₦1495. They bought dollars at ₦1480.
Official Stance on Black Market Forex
The Central Bank of Nigeria (CBN) does not recognize the parallel market. It has directed all foreign exchange transactions to commercial banks. Individuals seeking forex should approach authorized financial institutions.
These black market rates reflect unofficial trading channels. They often differ significantly from official banking rates. Forex traders should be aware of associated risks.
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