For individuals looking to exchange dollars for naira on Sunday, November 23rd, 2025, the parallel market in Lagos offered specific rates. You can find the details of the black market exchange rates below.
Dollar to Naira Black Market Exchange Rate: November 23rd, 2025
Reports from Bureau De Change (BDC) operators indicate the current rates at the Lagos Parallel Market, often referred to as the black market. On Sunday, November 23rd, 2025, a dollar was sold for ₦1465. Operators were buying dollars at ₦1455.
CBN’s Stance on Parallel Market Transactions
It is crucial to remember the Central Bank of Nigeria (CBN)’s position. The CBN does not officially recognize the parallel market. Instead, the bank consistently directs individuals interested in foreign exchange transactions to approach their respective commercial banks. This ensures transactions occur within official channels.
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