Dollar to Naira Exchange Rate Today (Black Market and CBN Rates)
As of Thursday, November 14th, 2024, the exchange rate for the US Dollar to Nigerian Naira in the Lagos parallel market (commonly referred to as the black market) stands at N1740 for buying and N1745 for selling, according to sources within the Bureau De Change (BDC) sector.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has consistently advised individuals seeking to engage in foreign exchange transactions to do so through licensed banks, which are the approved channels for such activities.
Black Market Exchange Rates for USD to NGN (Today)
- Buying Rate: N1740
- Selling Rate: N1745
On the other hand, the official exchange rate as determined by the Central Bank of Nigeria (CBN) reflects slightly different figures. According to the latest rates published by the CBN:
- Buying Rate: N1657
- Selling Rate: N1658
Important Notice
Please be aware that the rates presented in this article are indicative of the average exchange rate in the respective markets but may vary depending on location and market conditions. The rates you encounter when buying or selling foreign currency may differ slightly from what is outlined here.
