Current Dollar to Naira Exchange Rate on the Black Market – December 10, 2024
As of today, December 10, 2024, the black market exchange rate for the US Dollar to Nigerian Naira has been updated. The rate at which you can exchange dollars for naira in Lagos’s parallel (black) market is as follows:
- Buying Rate: N1650 per USD
- Selling Rate: N1665 per USD
These rates are based on information provided by Bureau De Change (BDC) operators and other sources familiar with the Lagos Parallel Market.
It is important to note that the Central Bank of Nigeria (CBN) does not endorse or regulate the black market exchange rates. The CBN has consistently advised Nigerians to conduct their foreign exchange (Forex) transactions through licensed banks, rather than using the parallel market.
Central Bank of Nigeria (CBN) Official Rates for Today:
- Highest Rate (CBN): N1560 per USD
- Lowest Rate (CBN): N1500 per USD
Keep in mind that the rates mentioned above may fluctuate due to market dynamics and the specific location or exchange provider you are dealing with. The black market rates often vary from the official rates, and they can change throughout the day depending on demand and supply factors.
For those looking to buy or sell US Dollars, the exchange rate you receive may differ from the published rates, as rates in both the parallel market and through official channels are subject to variations.
