Nigerians seeking to understand the current foreign exchange landscape will find the latest black market rates for the Naira against the US Dollar here. This report details the exchange figures recorded on Sunday, December 7, 2025.
Dollar to Naira Black Market Rates – December 7, 2025
On Sunday, December 7, 2025, specific exchange rates were observed in the Lagos parallel market. Sources from Bureau De Change (BDC) operators confirmed these figures. Within the black market, individuals selling dollars received ₦1475 for each unit.
Conversely, those looking to purchase dollars found sellers offering the currency at ₦1490 per dollar. These rates reflect the prevailing prices for swapping dollars for Naira outside official channels.
CBN Stance on Parallel Market Transactions
It is crucial to note the Central Bank of Nigeria (CBN) does not recognize the parallel market, commonly known as the black market. The CBN has consistently advised individuals seeking foreign exchange to utilize official banking channels.
The directive encourages all Forex transactions to occur through respective banks to ensure adherence to official guidelines and regulated exchange practices.
About the Author
