As of Thursday, January 18, 2024, the black market exchange rate for the dollar to naira in Lagos Parallel Market (Black Market) is as follows:
– Buying Rate: N1340
– Selling Rate: N1350
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, and its official rates are different:
CBN Rate Today:
– Buying Rate: 890
– Selling Rate: 891
Please be aware that actual rates for buying or selling forex may vary, as prices are subject to change. Additionally, the Nigeria Stock Market emerged as the world’s top-performing market on January 17, 2024, surpassing Argentina’s stock market. The Nigerian Exchange Limited experienced significant growth, with the All-Share Index increasing by 2.38% to reach a record-breaking 90,063.25 points, demonstrating a robust performance year-to-date with an impressive gain of 8.45% between January 15 and 17, 2024. The market has appreciated by 20.45%, establishing itself as the fastest-growing equities market globally, outpacing the Argentine Stock Market.
