As of Wednesday, December 25, 2024, the exchange rate for the US dollar to the Nigerian naira in the Lagos parallel (black) market is as follows:
- Buying Rate: ₦1,660
- Selling Rate: ₦1,670
These rates were reported by sources at Bureau De Change (BDC) operators.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has advised individuals seeking to exchange foreign currency to approach licensed banks for their forex transactions.
CBN Official Exchange Rate for Dollar to Naira (USD to NGN) Today:
- Highest Rate: ₦1,545
- Lowest Rate: ₦1,532
Please be aware that exchange rates can fluctuate, and the rates you encounter may differ from those mentioned in this article. Always verify with your forex provider before making transactions.
