As of Thursday, January 2, 2025, the exchange rate for the dollar to naira at the Lagos Parallel Market (Black Market) is as follows:
- Buying Rate: N1655
- Selling Rate: N1665
In contrast, the Central Bank of Nigeria (CBN) exchange rates are:
- Highest Rate: N1545
- Lowest Rate: N1538
It is important to note that the CBN does not officially recognize the parallel market and has directed individuals to conduct foreign exchange transactions through their respective banks. The rates for buying or selling forex may vary depending on the specific market conditions and the dealer involved.
