Dollar to Naira Exchange Rate Today as Pressure Hits Market

The naira continued to trade weakly against the United States dollar at the parallel market on Friday, reflecting sustained demand pressure in the foreign exchange space. Findings from Bureau De Change operators in Lagos show that the dollar was sold at one thousand four hundred and eighty naira, while buyers offered one thousand four hundred and seventy eight naira per dollar.

Currency dealers attributed the rate movement to ongoing demand from importers and travellers, especially after the festive period. The Central Bank of Nigeria has, however, maintained its position against parallel market transactions, advising Nigerians to access foreign exchange through official banking channels.

As market activities resume fully in the new year, analysts say exchange rate stability will depend largely on forex supply and policy consistency from monetary authorities.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

Please note that the buy or sell prices vary.

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