The dollar exchanged at the Lagos black market on Friday, January 9, at ₦1,480 per dollar for selling and ₦1,477 for buying, according to Bureau De Change sources.
At the official market, the Central Bank of Nigeria (CBN) recorded rates between ₦1,420 and ₦1,430 per dollar.
The CBN has reiterated that it does not recognize the parallel market and advises forex users to transact through banks, noting that rates may vary by location.
“Sir Bartholomew White Ebe is a Lagos-based media personality, Music Artist, Producer, and a Relationship Coach and independent journalist. With over seven years of experience tracking political developments and cultural shifts in Nigeria, he specializes in local current affairs, grassroots politics, and community-driven reporting across Lagos State. As the founder and chief editor of Snow Multimedia Connect {SNOW TV}, he leads the editorial team to deliver verified, high-impact stories to digital audiences.”
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