The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1585 and sell at N1593 on Saturday 27th July 2024, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market),
The rates you buy or sell forex might be different from what is captured in this article because prices vary.
The naira has continued to depreciate, trading above ₦1,600 against the US dollar at the official market on Thursday.
The continuous decline of the Nigerian currency has raised concerns among businesses and consumers, with rising import costs and increasing inflationary pressures.
