Dollar to Naira black market rate climbs as Lagos operators struggle to meet growing demand for US dollars in Nigeria

[»] Jump to Summary... For millions of Nigerians, the black market, often called the parallel market, is where the real action happens when it comes to foreign currency. As of Monday, February 23rd 2026, operators in Lagos are buying the US Dollar at ₦1,350 and selling it at ₦1,360. That ₦10 difference might seem small,

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