Na Dollar To Naira Exchange Rate Today Be Dis

Naira waka up and down on Tuesday as e trade mixed for both official and black market levels. For Central Bank of Nigeria (CBN) official rate and di Nigerian foreign exchange market (NFEM), dollar dey hover near ₦1,470 per $1. But for Lagos black market, dem dey buy dollar around ₦1,480 and sell am close to ₦1,495. For official window, mid-market USD/NGN dey between ₦1,468 and ₦1,470 based on recent data. But street rate still high, as demand no gree drop and dollar supply tight for informal market. Di wide gap between official and parallel market still show say Nigeria FX system get two different levels.

Analysts dey talk say na lack of dollar for retail and import business, plus heavy demand from travellers and importers, dey cause di wahala. People still dey price based on fear say dollar fit jump again soon. Even though naira don try show small strength recently (CBN rate near ₦1,460–₦1,475 for mid-October), black market still dey high pass. For people wey dey import, travel or just wan buy dollar for street, e mean say dem go pay more than wetin CBN dey talk. So to dey monitor both NFEM official rate and black market price still dey very important.