Nigerians continue to monitor the dollar to naira exchange rate closely. On Thursday, December 4th, 2025, the parallel market saw specific rates for foreign exchange.
Bureau De Change (BDC) operators in Lagos provided the latest figures. They reported that one dollar sold for ₦1475. Buyers, in turn, acquired one dollar at ₦1465.
Understanding the Parallel Market
This parallel market is often known as the black market. It operates outside official banking channels. This market serves individuals and businesses seeking foreign currency for various needs.
CBN’s Position on Forex Transactions
The Central Bank of Nigeria (CBN) does not recognize transactions within this informal market. The CBN consistently advises all individuals to conduct foreign exchange activities through recognized financial institutions. This ensures compliance with official regulations.
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