Dollar to Naira Exchange Rate Today (Black Market and CBN Rates)
As of Tuesday, December 3, 2024, the exchange rate for the US dollar to the Nigerian naira in the Lagos parallel (black) market is as follows:
- Buying Rate: ₦1725
- Selling Rate: ₦1730
These rates are based on information from Bureau De Change (BDC) sources.
For comparison, the Central Bank of Nigeria (CBN) rates are:
- Buying Rate: ₦1662
- Selling Rate: ₦1663
It is important to note that the CBN does not recognize the parallel market and has advised individuals to approach their respective banks for foreign exchange transactions. Also, exchange rates can vary depending on the location and market conditions, so the rates listed may differ from those in other areas.
