Nigerian Latest News brings you the latest update on the parallel market dollar to naira exchange rate. As of Monday, December 1, 2025, significant figures have emerged from the black market across the country.
Parallel Market Rates for December 1, 2025
Sources within the Bureau De Change (BDC) community in Lagos reported new rates. Black market operators were selling one US dollar for ₦1475. They were simultaneously buying dollars at ₦1460. These figures reflect the ongoing dynamics in Nigeria’s unofficial foreign exchange market.
CBN’s Official Stance on Forex
It is crucial to note the Central Bank of Nigeria’s (CBN) official position. The CBN does not recognize the parallel market as a legitimate platform. The apex bank has consistently advised individuals seeking foreign exchange to approach commercial banks. This directive aims to promote stability and transparency within the official banking system.
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