Nigerian Latest News provides the updated Dollar to Naira exchange rate. This report covers the black market rates for Wednesday, November 26, 2025. It offers insights into current forex parallel market transactions.
As of Wednesday, November 26, 2025, the Lagos parallel market (black market) recorded specific rates. Bureau De Change (BDC) operators reported selling a dollar for ₦1470. They were buying the dollar at ₦1460, according to our sources.
CBN’s Position on the Parallel Market
It is important to note the Central Bank of Nigeria (CBN) does not acknowledge the parallel market. The CBN consistently advises individuals seeking foreign exchange to transact through official banking channels. This directive aims to promote transparency and stability within the forex market.
