Nigerians keenly monitor the Dollar to Naira exchange rate. The parallel market, often called the black market, published specific figures on December 6, 2025. These rates offer insights into the informal currency exchange landscape across the nation.
Black Market Dollar to Naira Rates (December 6, 2025)
According to reliable sources within the Bureau De Change (BDC) community in Lagos, the exchange rate on Saturday, December 6, 2025, showed distinct figures for buying and selling.
Dealers in the parallel market sold one US dollar for ₦1495. Conversely, individuals looking to acquire dollars could do so at a rate of ₦1480. These figures are vital for those involved in foreign currency transactions outside traditional banking channels.
CBN’s Position on Parallel Market Transactions
It is crucial to remember the Central Bank of Nigeria’s (CBN) official stance. The CBN does not officially recognize the parallel market as a legitimate platform for foreign exchange. It has consistently directed individuals to utilize their respective banks for all foreign exchange needs. This policy aims to ensure that all forex transactions occur through regulated and official financial institutions.
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