PM: Lagos naira exchange rates in black market for Jan 31, 2017

These are the latest trading rates of the dollar, pound, and euro versus the Nigerian Naira in the Lagos Black Market this afternoon, Tuesday 31, January 2017.

Dollar Exchange Rate to Nigeria Naira in the black market: 494/ 498

Euro Exchange Rate to Nigeria Naira Exchange Rate in black market today: 520/ 527

Pound Sterling Exchange Rate to Nigeria Naira Exchange Rate in black market: 605/ 615

Nigeria’s naira is seen broadly stable on the parallel foreign exchange market this week as international money transfer agents sustain dollar sales to bureau de change operations.

“Confidence is gradually returning to the forex market as a
result of improved foreign exchange reserves, dollar sales by
international money transfer agents and central bank assurance it will continue to support the local currency,” one trader said.

The central bank said last week Tuesday it would continue to
provide hard currency, with priority given to manufacturing
industries that need to import raw materials and spare parts.

Visit Latest exchange rate of dollar to naira in black market to get the updated current exchange rates of the dollar to naira in the Nigeria black market.

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