Naira Plunges To All-Time Low Against Dollar

VAM News January 17, 2024 in Business Tagged dollar, Naira, Wednesday - 1 Minute

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1310 and sell at N1320 on Tuesday 16th January 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), as it has directed individuals who want to engage in Forex to approach their respective banks.

Naira Exchanges For N1,310/$ At Parallel Market on Wednesday

The Nigerian currency experienced mixed outcomes in different foreign exchange markets on Monday, with the Naira trading at N1,310 against the US dollar in the physical black market.