Dollar to Naira Exchange Rate on January 8, 2025: Black Market vs CBN Rates
On Wednesday, January 8, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel (Black) Market was as follows:
- Buying Rate: N1650
- Selling Rate: N1660
This rate is based on the latest figures from Bureau De Change (BDC) sources. However, it is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel (black) market, and individuals seeking to exchange foreign currency are encouraged to approach their banks.
Central Bank of Nigeria (CBN) Exchange Rate:
- Highest Rate: N1545
- Lowest Rate: N1537
Please note that exchange rates can fluctuate throughout the day, and the rates you encounter may differ from those captured here, depending on market conditions.
