Nigerians seeking to understand the current foreign exchange market can find the latest Dollar to Naira black market rates here. This update reflects the exchange figures recorded on Monday, December 8th, 2025, offering insights into parallel market transactions.
Dollar to Naira Black Market Exchange Rate for December 8, 2025
On Monday, December 8th, 2025, sources within Lagos’s parallel market, specifically from Bureau De Change (BDC) operators, reported specific rates.
A single US dollar was exchanged for ₦1490 when selling to black market dealers. Conversely, these dealers were buying the dollar at ₦1480.
These rates provide a snapshot of the unofficial currency exchange landscape in Lagos.
CBN’s Position on the Parallel Market
It is crucial for the public to note the Central Bank of Nigeria’s (CBN) official stance. The CBN does not officially recognize or endorse the parallel market, commonly known as the black market.
The apex bank has consistently directed individuals who wish to engage in foreign exchange transactions to utilize their respective commercial banks. This ensures transactions occur within the regulated official financial system.
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