Current Black Market Exchange Rates
On Monday, November 10, 2025, the Lagos parallel market recorded the US Dollar selling at ₦1469 and buying at ₦1445 against the Nigerian Naira. Bureau De Change (BDC) operators confirmed these rates for black market transactions.
Individuals seeking currency exchange should note these figures represent unofficial market values. The Central Bank of Nigeria (CBN) explicitly states it does not recognize parallel market rates for foreign exchange transactions.
Official Banking Channels Recommended
The CBN has directed all forex transactions to be conducted through licensed banking institutions. This advisory aims to regulate currency flows and maintain financial system stability while discouraging unofficial trading platforms.
These black market rates serve as informational benchmarks but carry no official recognition. Market participants should verify current rates directly with authorized financial institutions before conducting transactions.
