Current Dollar to Naira Exchange Rate Today – Black Market (Aboki Dollar Rate)
As of Wednesday, November 20, 2024, the exchange rate for the US Dollar (USD) to the Nigerian Naira (NGN) in the Lagos Parallel Market (also known as the Black Market) shows a buying rate of N1740 and a selling rate of N1750, according to sources within Bureau De Change (BDC) operations.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market for currency exchange. The CBN has consistently advised individuals and businesses seeking to engage in foreign exchange transactions to do so through authorized banks and financial institutions, rather than through the informal black market channels.
Dollar to Naira Black Market Exchange Rate Today
- Buying Rate: N1740
- Selling Rate: N1750
Dollar to Naira CBN Official Rate Today
In contrast, the Central Bank of Nigeria’s official exchange rates for the Dollar to Naira today are as follows:
- Buying Rate: N1687
- Selling Rate: N1688
It is important to remember that the exchange rates in the black market can differ from the official rates set by the CBN. Furthermore, the actual rates at which you are able to buy or sell foreign exchange can fluctuate, depending on various factors such as market demand, supply, and other economic influences. As such, the rates mentioned here may not be exactly what you encounter when engaging in currency transactions, as prices can vary from one exchange point to another.
