Black Market Dollar to Naira Exchange Rate Update - October 4, 2025

The black market exchange rate for USD to Naira on October 4th, 2025, was reported following the previous day's rates. Individuals were advised to use recognized channels like banks for currency exchange to avoid the risks associated with the parallel market.

The exchange rate dynamics in Lagos were influenced by players selling and buying dollars. It was emphasized that engaging with the black market should be approached cautiously, with a preference for official banking channels.