Sh**cking Dollar Rates: Naira Faces Big Setback In Parallel Market This January

Sh**cking Dollar Rates: Naira Faces Big Setback In Parallel Market This January

Curious about the latest exchange rates? Here’s the current value for the Dollar to Naira in the black market (also known as the parallel market or…Sh**cking Dollar Rates: Naira Faces Big Setback In Parallel Market This January

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As of January 2, 2025, the exchange rate for the dollar in Lagos’ parallel market shows:

• Buying Rate: ₦1660
• Selling Rate: ₦1670

This rate comes directly from sources at Bureau De Change (BDC) operating in the city.

Official CBN Exchange Rate

The Central Bank of Nigeria (CBN) sets the official rate, but it differs from the parallel market:

• Highest Rate: ₦1550
• Lowest Rate: ₦1520

Remember, the Central Bank advises individuals seeking forex to approach their banks, as the black market is not officially recognized.

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