For those tracking the unofficial currency market, here’s the latest Dollar to Naira exchange rate. This report provides the black market rates for Saturday, November 8, 2025, in Lagos.
Dollar to Naira Black Market Rate: November 8, 2025
In the Lagos parallel market, commonly known as the black market, operators quoted specific rates. Sources from various Bureau De Change (BDC) outlets confirm these figures.
On Saturday, November 8, 2025, one US Dollar was sold for ₦1460. Operators purchased the dollar at ₦1440.
CBN’s Position on the Parallel Market
It is important to note the stance of the Central Bank of Nigeria (CBN). The CBN does not officially recognise the parallel market. It has consistently advised individuals seeking foreign exchange to transact through official banking channels.
This directive encourages the use of commercial banks for all forex transactions. Such a move aims to foster transparency and stability within the country’s official currency market.
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