As of Sunday, January 12, 2025, the exchange rate for the U.S. dollar to the Nigerian naira on the Lagos Parallel (Black) Market is as follows:
- Buying Rate: N1660 per dollar
- Selling Rate: N1670 per dollar
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN has directed individuals seeking to engage in foreign exchange transactions to approach their respective banks.
CBN Exchange Rate:
- Highest Rate: N1548 per dollar
- Lowest Rate: N1538 per dollar
The exchange rates for forex transactions may vary, so actual rates could differ from those mentioned here depending on market conditions and individual exchanges.
