Nigerians are closely watching the parallel market for foreign exchange rates. As of December 5th, 2025, we bring you the latest Dollar to Naira exchange update. These rates reflect activities observed on Thursday, December 4th, 2025.
In Lagos, the parallel market saw specific exchange figures. Also known as the black market, these rates are crucial for many. Bureau De Change (BDC) sources report a selling rate of ₦1475 per dollar. Buyers exchanged their dollars for ₦1465.
It is important to remember the Central Bank of Nigeria (CBN) holds a clear stance. The CBN does not officially recognize the parallel market. It consistently directs individuals to licensed banks for all foreign exchange needs.
