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The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1260 and sell at N1275 on Tuesday 23rd April 2024, according to sources atBureau De Change (BDC).
Just a month prior, in March, the Naira had plummeted to its lowest levels, exchanging at N1,600/$1 on the official market and N1800/$1 on the parallel market, marking a period of uncertainty and economic strain.
Please note that theCentral Bank of Nigeria (CBN)does not recognize the parallel market (black market), as it has directed individuals who want to engage inForexto approach their respective banks..
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