Nigerians actively seek daily updates on the unofficial Dollar to Naira exchange rate. This report provides the current parallel market rates for Saturday, November 15th, 2025.
Dollar to Naira Black Market Rates: November 15, 2025
On Saturday, November 15th, 2025, the parallel market in Lagos recorded specific exchange rates for the US Dollar. According to sources within the Bureau De Change (BDC) network, operators sold one US dollar for ₦1460.
Conversely, they bought the dollar at ₦1450. These figures represent the prevailing rates within the unofficial foreign exchange market.
CBN’s Stance on the Parallel Market
It is important to note the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, often referred to as the black market.
The CBN has repeatedly advised individuals and businesses to conduct all foreign exchange transactions through their respective commercial banks. This directive aims to promote official channels for forex dealings and maintain stability within the regulated financial system.
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