Black Market Dollar To Naira (NGN) Exchange Rate Today, April 19, 2024

Black Market Dollar To Naira (NGN) Exchange Rate Today, April 19, 2024

Curious about the latest exchange rates in the black market? Here’s the scoop on the Dollar to Naira exchange rate as of April 18th:

According to sources at Bureau De Change (BDC), players in the Lagos Parallel Market (Black Market) are buying a dollar for N1040 and selling it at N1100…….READ ALSO Black Market USD To NGN Exchange Rate On April 18, 2024

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to approach their respective banks for forex transactions.

Black Market Exchange Rate Today:

• Buying Rate: N1040
• Selling Rate: N1100

Meanwhile, here are the CBN rates for comparison:

• Buying Rate: N1146
• Selling Rate: N1147

Keep in mind that the rates may vary depending on where you buy or sell forex, as prices fluctuate.

In other news, the Central Bank of Nigeria (CBN) has reduced banks’ Loan-to-Deposit Ratio (LDR) to 50% from 65%. This regulatory measure aims to enhance lending to the real sector of the Nigerian economy.

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