The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1040 and sell at N1050 on Sunday, 15th October 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1040 |
| Selling Rate | N1050 |
Manufacturers and Small and Medium Enterprises (SMEs) have cried out over the ongoing forex crisis in the country, Naija News has learned.
According to them, the constant plunge of the naira is killing so many industries and causing many to lose their jobs.
This platform gathered that on Tuesday, the naira further fell as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$.
Reacting to this, manufacturers have said if nothing is done, more companies will fold up, and many more will become jobless.
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