The value of the naira continues to fluctuate in the parallel market as foreign exchange demand remains high across major cities. On Monday, December 8, 2025, the US dollar is trading higher in the unofficial market compared to recent days.
According to traders at the Lagos Parallel Market (popularly known as the black market or Aboki FX), the dollar is being sold at ₦1,490 and bought at ₦1,480.
Foreign exchange dealers say the slight increase is driven by strong demand from importers and individuals seeking dollars for travel, business, and savings.
Black Market (Parallel Market) Dollar to Naira Rate
| Exchange Type | Rate |
|---|---|
| Selling Price | ₦1,490 per $1 |
| Buying Price | ₦1,480 per $1 |
CBN Official Dollar to Naira Rate Today
For those accessing foreign exchange through official channels, the Central Bank of Nigeria (CBN) recorded the dollar within a band of:
| Rate Type | Value |
|---|---|
| Highest Official Rate | ₦1,457 per $1 |
| Lowest Official Rate | ₦1,450 per $1 |
Important Notice
The Central Bank of Nigeria does not approve or recognise the black market as an official exchange platform. The CBN continues to advise citizens and businesses to obtain foreign currency through approved financial institutions such as commercial banks or licensed Bureau De Change operators.
Exchange Rates May Vary
It is important to note that foreign exchange prices are not uniform and may differ depending on:
- Location
- Volume of transaction
- Market demand
- Negotiation with dealers
Therefore, the rate you buy or sell may not be exactly the same as those stated above.
