As of Thursday, December 26, 2024, the exchange rate for the US dollar to the Nigerian naira on the Lagos Parallel Market (commonly referred to as the Black Market) shows that players are buying a dollar for ₦1,650 and selling for ₦1,670, based on information from Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN advises individuals and businesses seeking foreign exchange (forex) to utilize their respective banks for such transactions.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Buying Rate | ₦1,650 |
| Selling Rate | ₦1,670 |
Dollar to Naira CBN Exchange Rate Today
The CBN exchange rate for the dollar to naira reflects lower rates compared to the black market.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,545 |
| Lowest Rate | ₦1,532 |
Important Notice
Exchange rates can vary significantly depending on the platform or dealer involved. The rates listed above are indicative and may differ from the exact rates at which forex is traded in real-time.
For individuals or businesses looking to buy or sell forex, it is advisable to confirm rates with your bank or a trusted Bureau De Change operator to ensure accurate and competitive pricing.
