Stay informed with the latest black market exchange rates for the US Dollar against the Nigerian Naira. This report provides key figures recorded for Thursday, December 11, 2025.
Dollar to Naira Black Market Rates (December 11, 2025)
On Thursday, December 11, 2025, the Lagos parallel market, often referred to as the black market, displayed specific rates for currency exchange. According to reports from Bureau De Change (BDC) operators, traders bought the dollar for ₦1490.
The selling rate for the dollar on the same day stood at ₦1505. These rates allow individuals to exchange their dollars for Naira outside official banking channels.
CBN’s Stance on Parallel Market Transactions
It is important to remember that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has consistently advised all individuals wishing to engage in foreign exchange transactions to use their respective commercial banks.
This directive aims to streamline foreign exchange activities through recognized financial institutions.
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