As of Wednesday, November 27, 2024, the exchange rate for the dollar to naira at the Lagos Parallel Market (Black Market) is as follows:
- Buying Rate: ₦1745
- Selling Rate: ₦1750
In contrast, the Central Bank of Nigeria (CBN) rates for the dollar to naira are:
- CBN Buying Rate: ₦1678
- CBN Selling Rate: ₦1679
It is important to note that the Central Bank of Nigeria does not recognize the parallel market rates, and individuals seeking to buy or sell foreign exchange are advised to do so through their respective banks. Also, the rates can vary depending on the location and the Bureaux De Change (BDC) involved.
