The exchange rate between the US dollar and the Nigerian naira continues to fluctuate in the parallel market. As of Saturday, May 24, 2025, the dollar is being bought at ₦1610 and... Read more »

The U.S. dollar continues to trade at high levels in the Nigerian parallel market (commonly known as the black market). As of Thursday, May 22, 2025, traders at the Lagos Parallel Market... Read more »

As of Wednesday, May 21, 2025, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos parallel market (commonly referred to as the black market) stands as follows:... Read more »

As of Tuesday, May 20, 2025, the exchange rate for the U.S. dollar at the Lagos Parallel Market, commonly referred to as the black market, stands at ₦1,625 for buying and ₦1,630... Read more »

Polaris Bank has come under scrutiny over the handling of a staff loan inherited from the defunct Skye Bank, leaving a former employee, Mr. Ude, in financial distress after acting as a... Read more »

As of Monday, May 19, 2025, the exchange rate for the US dollar against the Nigerian naira in the Lagos parallel market (commonly referred to as the black market) stands at ₦1625... Read more »

Lagos‑area currency traders (the “Aboki” market) quoted the U.S. dollar at ₦1,625 to buy and ₦1,635 to sell on Sunday, 18 May 2025, according to Bureau‑de‑Change sources. Reminder: The Central Bank of Nigeria (CBN) does not... Read more »

In the midst of a deepening housing crisis in Nigeria, Access Bank, the country’s largest lender by assets, has shown a shockingly lackluster commitment to solving one of the nation’s most pressing... Read more »

Dollar‑to‑Naira Exchange Rates (Friday, 16 May 2025) Black‑Market (Lagos “Aboki”) RatesAccording to several Bureau De Change (BDC) operators surveyed in Lagos: Rate (₦) Buying 1 USD = ₦1,622 Selling 1 USD = ₦1,635 These quotations reflect cash transactions on the informal, over‑the‑counter market... Read more »