Stay updated on the latest Dollar to Naira exchange rates. As of November 23rd, 2025, we bring you insights into the parallel market rates from the previous day’s trading.
Black Market Dollar to Naira Rate: November 22nd, 2025
On Saturday, November 22nd, 2025, the Lagos parallel market, often referred to as the black market, experienced notable activity. According to sources from Bureau De Change (BDC) operators, the exchange rate for a dollar to naira was as follows:
Traders were selling one US Dollar for ₦1473.
They were buying the US Dollar at ₦1460.
CBN’s Official Stance on Forex Transactions
It is important for the public to note the official position of the Central Bank of Nigeria (CBN). The CBN does not officially recognize the parallel market for foreign exchange transactions. The apex bank consistently advises individuals and businesses seeking to engage in Forex activities to utilize their respective commercial banks and other approved official channels.
