As of Saturday, 7th December 2024, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market (Black Market) shows the buying rate at N1640 and the selling rate at N1650, according to Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and has instructed individuals to approach their respective banks for foreign exchange transactions.
For reference, the CBN rates for the dollar to naira today are as follows:
- Highest Rate: N1610
- Lowest Rate: N1565
Please keep in mind that actual rates may vary depending on market conditions, and the rates you encounter when buying or selling forex may differ from the figures provided in this article.
