As of Tuesday, December 2nd, 2025, the parallel market dollar to naira exchange rate remains a key focus. We bring you the latest available figures from the black market. These rates specifically reflect Monday, December 1st, 2025’s trading activity in Lagos.
Dollar to Naira Black Market Rate Overview
In Lagos, Bureau De Change (BDC) operators are key players in this unofficial market. On December 1st, 2025, they reportedly sold the US dollar for ₦1475. The buying rate stood at ₦1460, according to sources within the BDC community.
These figures offer insight into the current state of the parallel foreign exchange market. However, it is vital to remember the official stance on these transactions.
CBN’s Stance on the Parallel Market
The Central Bank of Nigeria (CBN) does not recognize the parallel market. It has consistently advised individuals seeking foreign exchange to use official banking channels instead. The CBN’s directive aims to encourage transparency and stability within the country’s forex ecosystem.
