Naira Weakens Against Dollar On Black Market

The black market exchange rate for the Dollar to Naira on Sunday, 18th February 2024, stood at N1520 for buying and N1526 for selling, according to sources at Bureau De Change (BDC).

This means that players in the Lagos Parallel Market were buying a dollar for N1520 and selling at N1526.

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It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to approach their respective banks for foreign exchange transactions.