Current Dollar to Naira Exchange Rate: Black Market vs. Central Bank Rates
As of Sunday, November 24, 2024, the exchange rate for the US dollar to Nigerian naira in the Lagos parallel (black) market is as follows: players in the market are buying dollars at N1740 and selling them at N1750, according to sources within Bureau De Change (BDC) operations.
It’s important to remember that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, which operates independently from the official banking system. The CBN continues to advise individuals seeking to exchange foreign currencies to go through their designated banks instead.
Dollar to Naira Black Market Exchange Rate:
- Buying Rate: N1740
- Selling Rate: N1750
Dollar to Naira CBN Official Exchange Rate:
- Buying Rate: N1664
- Selling Rate: N1665
