By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Dollar to Naira Exchange Rate Plummets to N1600 at Black Market
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Dollar to Naira Exchange Rate Plummets to N1600 at Black Market

Business

Dollar to Naira Exchange Rate Plummets to N1600 at Black Market

Olaitan Sodiq
Olaitan Sodiq
Published: June 13, 2025
Last updated: June 13, 2025
1 Min Read
Share
Dollar to Naira Exchange Rate Plummets to N1600 at Black Market | Daily Report Nigeria
SHARE

 

The dollar to naira exchange rate has plummeted to N1600 at the black market, also known as the parallel market (Aboki fx), as of Monday, August 19, 2024.

According to sources at Bureau De Change (BDC), the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) is N1600 for buying and N1605 for selling. 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.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

In a related development, GTBank has confirmed an attempted breach of its website domain, which occurred just a day after the bank renewed its domain name. The attempt led to a temporary disruption of the website, leaving customers unable to access online services and sparking concerns about the potential compromise of customer data.

GTBank reassured its customers that their data remains secure, emphasizing that no customer information is stored on the website.

The bank’s Information Security experts are working diligently to restore the domain settings and ensure the website’s full functionality.

 

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Black Marketdollar to nairaExchange RateGTBankTop Storieswebsite hack
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Nigeria Books 2025 Beach Volleyball World Cup Spot | Daily Report Nigeria
Nigeria Books 2025 Beach Volleyball World Cup Spot
Sports
Adult Film Star Kylie Page Dies at 27, Cause of Death Under Investigation | Daily Report Nigeria
Adult Film Star Kylie Page Dies at 27, Cause of Death Under Investigation
Entertainment
PDP NEC Reinstates Samuel Anyanwu as National Secretary After Leadership Crisis | Daily Report Nigeria
PDP NEC Reinstates Samuel Anyanwu as National Secretary After Leadership Crisis
News
Victor Osimhen Jersey Launch Breaks Galatasaray Sales Record | Daily Report Nigeria
Victor Osimhen Jersey Launch Breaks Galatasaray Sales Record
Sports
Speed Darlington Rejects NAPTIP Summons, Says He Charges N2.5M for Appearance | Daily Report Nigeria
Speed Darlington Rejects NAPTIP Summons, Says He Charges N2.5M for Appearance
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

We Used N18bn to Clear Bush - Agric Ministry | Daily Report Nigeria
News

We Used N18bn to Clear Bush – Agric Ministry

June 13, 2025
Cotonou Ports Open For Goods — Customs | Daily Report Nigeria
News

Cotonou Ports Open For Goods — Customs

June 14, 2025
APC Invites Peter Obi to Tinubu's Inauguration
Politics

Peter Obi Like Donald Trump In Nigeria, Says Presidency

June 13, 2025
Stop Planting Seed of Discord Among Yorubas, Ndigbo – Ohanaeze Tells Tinubu | Daily Report Nigeria
Politics

Stop Planting Seed of Discord Among Yorubas, Ndigbo – Ohanaeze Tells Tinubu

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?