As of Monday, November 18th, 2024, the exchange rate for the dollar to naira on the Lagos Parallel Market (commonly referred to as the black market) stands at N1735 for buying and N1740 for selling, according to sources from Bureau De Change (BDC) operators.
It is important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and has advised individuals seeking foreign exchange to conduct their transactions through licensed banks instead.
Here’s a breakdown of the exchange rates:
Dollar to Naira Black Market Exchange Rate Today:
- Buying Rate: N1735
- Selling Rate: N1740
Dollar to Naira CBN Exchange Rate Today:
- Buying Rate: N1682
- Selling Rate: N1683
Please keep in mind that the rates mentioned in this article are subject to fluctuations, and the actual rates at the time of your transaction may vary depending on where and how the forex is exchanged. Rates can differ due to factors like location and market demand.
