Black Market Dollar to Naira Exchange Rate Update for October 1

The black market exchange rate for USD to Naira on October 1, 2025, was reported, following the rate on September 30. Individuals seeking to buy or sell dollars in Lagos were directed to the parallel market.

The exchange rate fluctuated based on supply and demand dynamics, impacting those engaging in currency transactions. It is crucial for individuals to be aware of the black market rates when dealing with foreign currency to make informed decisions.

The information provided serves as a guide for those navigating the exchange market in Nigeria.