The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1500 and sell at N1510 on Thursday 29th February 2024, according to sources at Bureau De Change (BDC).
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.
The National Bureau of Statistics (NBS) has revealed that the price of local rice rose by 98.47 per cent in January 2024.
Announcing the development in its latest food price watch released for January 2024, the statistics bureau detailed that the kilogram price of local rise rose from N514.83 in January 2023 to N1,021.79 in January 2024.
reports have it that the NBS data further detailed that the average price of boneless beef rose by 37.08 per cent between January 2023 and January 2024.
Also, the price of brown beans reportedly rose by 64.42 per cent between January 2023 and January 2024.