Current Black Market Exchange Rates
As of Wednesday, December 17, 2025, Lagos parallel market operators are trading the US Dollar at ₦1,487 for sales and ₦1,480 for purchases. These rates are sourced from Bureau De Change (BDC) operators across major trading hubs.
Forex traders can utilize these benchmark figures when exchanging currencies through unofficial channels. The rates reflect real-time market conditions outside Nigeria’s formal banking system.
CBN’s Official Position
The Central Bank of Nigeria maintains its formal rejection of parallel market rates. The apex bank directs all individuals and businesses requiring foreign exchange services to conduct transactions exclusively through licensed banking institutions.
This policy reaffirms the CBN’s stance against unregulated forex trading. The bank continues to promote stability through official financial channels amid currency fluctuations.
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