On Thursday, November 6, 2025, the black market exchange rate for the US dollar to the Nigerian naira stood at ₦1,455 for selling and ₦1,440 for buying. These rates were reported by Bureau De Change (BDC) operators in Lagos.
CBN’s Stance on Parallel Forex Market
The Central Bank of Nigeria (CBN) maintains its position of non-recognition for the parallel market (black market) for foreign exchange. The banking regulator directs all individuals seeking forex transactions to conduct them through authorized commercial banks rather than unofficial channels.
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