Black Market Dollar to Naira Exchange Rate for September 6, 2024

The exchange rate for the US Dollar (USD) to the Nigerian Naira (NGN) in the black market, also known as the parallel market or Aboki fx, is a critical financial metric for many individuals and businesses. Here’s the latest update on the Dollar to Naira exchange rate as of September 5, 2024:

Black Market Exchange Rate Today

• Buying Rate: ₦1,650
• Selling Rate: ₦1,660

At the Lagos Parallel Market, individuals and businesses can buy a dollar for ₦1,650 and sell it for ₦1,660, according to sources at Bureau De Change (BDC).

CBN Official Exchange Rate

For those dealing with the official rates set by the Central Bank of Nigeria (CBN):

• Buying Rate: ₦1,620
• Selling Rate: ₦1,621

It’s important to note that the CBN does not officially recognize the parallel market. The CBN directs individuals seeking forex to approach their respective banks for transactions. As such, actual rates can vary from those listed here.

For the most current exchange rates, including both black market and official rates, always check with reliable sources or financial institutions.