The exchange rate between the US dollar and the Nigerian naira continued to fluctuate on Thursday, December 4, 2025, as traders in the Lagos Parallel Market commonly referred to as the black market adjusted prices in response to ongoing market pressures.
Based on information gathered from independent Bureau De Change (BDC) operators, the US dollar was sold at approximately ₦1,475 and bought at around ₦1,465 in the black market. These figures reflect the ongoing volatility driven by foreign exchange scarcity, high demand for the dollar, and limited access to official market supply.
Important Notice from the Central Bank of Nigeria
The Central Bank of Nigeria (CBN) has repeatedly emphasized that it does not officially recognize the black market as a valid platform for foreign exchange transactions. The apex bank maintains that individuals or businesses seeking forex should process their requests through approved financial institutions and regulated forex windows.
Despite this directive, the parallel market continues to influence pricing trends across sectors especially in import-dependent industries due to insufficient official forex availability.
Today’s Exchange Rates
| Category | Rate (NGN) |
|---|---|
| Dollar to Naira (Black Market) | |
| Buying Rate | ₦1,465 |
| Selling Rate | ₦1,475 |
| CBN Official Rates | |
| Highest Rate | ₦1,450 |
| Lowest Rate | ₦1,446 |
Note to Forex Traders and Buyers
Exchange rates may vary depending on location, payment method, negotiation strength, and real-time market sentiment. Rates quoted here reflect averages from monitored market sources and may differ from prices offered by individual traders or digital exchange platforms.
