Dollar Sells for ₦1,500 in Lagos Black Market
The black market, also known as the parallel market or Aboki FX, has pegged the dollar at ₦1,500 for sales and ₦1,485 for purchases in Lagos as of Tuesday, January 13, 2026, according to sources at Bureau De Change (BDC) outlets. The parallel market rate provides an alternative for individuals
Naira depreciates to new low against dollar
Naira has fallen further against the U.S. dollar at the official market on Tuesday, a day after the currency recorded an insignificant gain at the spot market. According to data released by the The Nigerian Autonomous Foreign Exchange Fixing (NAFEX), where forex is officially traded, naira which opened at N427.30