Significant Fluctuations Witnessed In Dollar To Naira Exchange Rates

Date:

On Monday, January 22, 2024, the Lagos Parallel Market experienced notable changes in the exchange rates for the Dollar to Naira. Insights from Bureau De Change (BDC) insiders reveal that individuals were buying a dollar at N1355 and selling it at N1360.

It’s important to note that the Central Bank of Nigeria (CBN) maintains a non-recognition stance towards the parallel market (black market). As a result, individuals engaging in Forex transactions are directed to utilise services offered by their respective banks.

Detailed Black Market Exchange Rates – January 22, 2024

– Buying Rate: N1355

– Selling Rate: N1360

Official CBN Exchange Rates – January 22, 2024

– Buying Rate: N890

– Selling Rate: N891

Caution is advised, as actual Forex rates may deviate from those provided here due to inherent market fluctuations.

 

 

 

 

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