The Dollar to Naira exchange rate in Nigeria’s parallel market recorded new figures on Wednesday, December 3rd, 2025. As of Thursday, December 4th, 2025, these are the latest reported rates for currency traders and individuals.
Dollar to Naira Black Market Exchange Rate on December 3rd, 2025
Sources from Bureau De Change (BDC) operators in Lagos indicate specific values. They sold one US Dollar for ₦1475. Conversely, BDC operators bought one US Dollar at ₦1465.
This segment is widely known as the black market. It operates independently of official banking channels. These rates reflect the demand and supply dynamics outside regulated platforms.
Central Bank of Nigeria’s Stance on the Parallel Market
The Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN has consistently advised individuals seeking foreign exchange to use their respective banks. This directive aims to ensure transactions occur within the regulated financial system. It also supports the stability of the official Forex market.
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