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.