
Black Market (Parallel Market) Rates:
- Buying Rate: ₦1650
- Selling Rate: ₦1660
According to sources from Bureau De Change (BDC), these are the rates being traded in the Lagos Parallel Market (Black Market) on Tuesday, January 14, 2025.
CBN Exchange Rates:
- Highest Rate: ₦1560
- Lowest Rate: ₦1545
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN advises individuals who wish to engage in Forex transactions to use their respective banks.
Exchange rates in the market may differ based on location and timing, so the prices you encounter could vary from those mentioned above.