HomeBusiness & EconomyDollar to naira...

Dollar to naira exchange rate hits N1614 at parallel market

By Hafsat Aleeyu Muye
Estimated reading time: Less than 1 minutes

Dollar to naira exchange rate hits N1614 at parallel market

The US dollar to naira exchange rate at the black market now sells at N1614 naira in Lagos State.

The exchange rate for a dollar to naira, also known as the parallel market (Aboki fx), has been fluctuating in recent days.

The Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), hence directing individuals who want to engage in Forex to approach their respective banks.

However, the black market rate is widely used by many Nigerians who need to exchange dollars for naira.

According to sources at Bureau De Change (BDC), the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) stands at N1614 on Sunday, August 4, 2024.

READ ALSO: Naira strengthens in both official, parallel markets

Proofreading and editing by Gift Luckson and Hafsat Aleeyu Muye, Editor and Journalist at Neptune Prime

Follow the Neptune Prime channel on

WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3

Follow the Neptune Prime channel on WhatsApp:

WhatsApp Channel

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

WhatsApp us here also
Load more

Get notified whenever we post something new!

spot_img

Buy Now ⟶

Continue reading

Hafsat Aleeyu Muye -
Crime

Suspected IPOB terrorists kidnap Nigerian varsity professor

Suspected IPOB terrorists kidnap Nigerian varsity professor Professor Oguejiofo Ujam, a senior lecturer and Dean of the School of General Studies at the University of Nigeria, Nsukka, was kidnapped on Sunday while travelling along the Ugwuogo-Nike-Opi-Nsukka Road. The incident marks another...
Hafsat Aleeyu Muye -
Crime

NSCDC spokesman battles for life after attack by phone snatchers

NSCDC spokesman battles for life after attack by phone snatchers Some suspected phone snatchers have reportedly attacked the spokesperson for the Niger State Command of the Nigeria Security and Civil Defence Corps, Ibrahim Rabiu Muti, while going home from work...
Hafsat Aleeyu Muye -
News

Asari Dokubo accuses Tinubu of betrayal, vows to team up with the North in 2027 (Video)

Asari Dokubo accuses Tinubu of betrayal, vows to team up with the North in 2027 (Video) Former militant leader, Asari Dokubo has accused the Yoruba community of betraying the Ijaw and Niger Delta people despite their support for President Bola...

Subscribe ⟶