The exchange rate for the US Dollar to Nigerian Naira on the parallel (black) market today, 9th December 2024, is as follows:
- Buying Rate: N1600 per USD
- Selling Rate: N1630 per USD
This is based on information from sources within the Bureau De Change (BDC) in Lagos.
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) rates. The CBN has directed individuals seeking to engage in foreign exchange transactions to go through their respective banks.
CBN Official Rates Today:
- Highest Rate: N1554 per USD
- Lowest Rate: N1524 per USD
Please be aware that the rates mentioned in this article are indicative, and actual exchange rates may differ depending on where and when the transaction takes place. The black market rates fluctuate frequently, influenced by supply and demand dynamics.
