The Nigerian naira continued to trade under pressure in the unofficial foreign exchange market on Sunday, with traders in Lagos reporting another round of fluctuations in the dollar–naira exchange rate.
According to information gathered from several Bureau De Change (BDC) operators, the U.S. dollar sold for ₦1468 while buying stood at ₦1460 at the parallel market. This rate reflects the pricing used by street currency dealers and is often influenced by daily demand, liquidity conditions, and prevailing economic sentiment.
Important CBN Position on Black Market Transactions 
The Central Bank of Nigeria (CBN) has repeatedly emphasized that it does not recognize the black market as an official channel for forex trading. The apex bank maintains that all legitimate foreign exchange transactions should be conducted through commercial banks or other authorized financial institutions.
Despite this directive, many Nigerians still resort to the parallel market due to delays, documentation requirements, or limited access to forex through official channels.
Black Market Dollar to Naira Rates Today
USD to NGN Black Market Rate (Nov. 30, 2025)
Selling Rate ₦1468
Buying Rate ₦1460
Official CBN Dollar to Naira Rates Today
USD to NGN CBN Official Rate
Highest Rate ₦1449
Lowest Rate ₦1445
The official CBN rate typically reflects government-controlled pricing within the formal banking system, which often differs from market-driven rates in the parallel market.
Why Exchange Rates Vary
FX traders often caution that actual rates may differ depending on location, volume of transaction, and individual dealers. Prices can change multiple times within a single day due to:
Shifts in dollar supply and demand
Market speculation
Economic indicators such as inflation and interest rates
Government or CBN policy actions
As a result, buyers and sellers may encounter slightly higher or lower figures than those quoted above.
