The Nigerian naira continued to face pressure on Thursday, September 4, 2025, as new figures from the parallel market revealed fresh dollar-to-naira rates.

Bureau De Change (BDC) operators in Lagos reported the U.S. dollar trading at ₦1,527 (buying) and ₦1,507 (selling) in the black market.

Meanwhile, the Central Bank of Nigeria (CBN) recorded an official range of ₦1,508 to ₦1,529.

The CBN has consistently warned against relying on black market rates, stressing that they are speculative and do not reflect Nigeria’s official foreign exchange policy.

Experts note that the gap between official and parallel market rates highlights Nigeria’s ongoing currency crisis, driven by dollar scarcity, import dependence, and speculative demand.