The parallel market exchange rate for US Dollar to Nigerian Naira on December 18, 2025, shows significant movement. Bureau De Change (BDC) operators in Lagos reported selling dollars at ₦1,489 and purchasing at ₦1,480.
Forex traders and individuals should note these current black market rates when exchanging currencies. However, the Central Bank of Nigeria (CBN) maintains its position against parallel market transactions.
The CBN continues to direct Nigerians to conduct foreign exchange transactions through authorized banks. The regulatory body does not recognize rates from unofficial currency markets.
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