The Nigerian naira experienced slight pressure at the Lagos Parallel Market on Tuesday, November 25, 2025, as currency traders quoted the U.S. dollar at ₦1,465 for selling and ₦1,455 for buying, according to information gathered from Bureau De Change (BDC) operators.
These rates reflect ongoing volatility in the informal FX market, which continues to operate outside the official channels despite regulatory directives.
CBN’s Position on Black Market Transactions
The Central Bank of Nigeria (CBN) has repeatedly emphasized that it does not recognize rates sourced from the parallel market. The apex bank maintains that individuals or businesses seeking foreign exchange should rely on their commercial banks and other authorized financial institutions.
The CBN’s stance is part of broader monetary reforms aimed at stabilizing the naira, improving transparency in the FX system, and curbing speculative trading.
Black Market Dollar to Naira Rate Today
| FX Market Category | Rate (₦) |
|---|---|
| Selling Rate | ₦1,465 |
| Buying Rate | ₦1,455 |
Official CBN Dollar to Naira Rate Today
According to figures published by the Central Bank:
| CBN Rate Range | Value (₦) |
|---|---|
| Highest Rate | ₦1,455 |
| Lowest Rate | ₦1,441 |
The gap between official and parallel market rates continues to influence demand as many Nigerians, especially importers and informal sector traders, turn to the black market for quicker access to foreign currency.
Variation in Forex Prices
It is important to note that FX prices can differ across locations and traders. Rates may fluctuate based on market demand, liquidity, time of day, and negotiation power. Therefore, the prices listed here should be considered indicative and may not match the exact rate offered by individual dealers at the time of exchange.
