Black Market Dollar To Naira Exchange Rate Hits New Highs: What You Need To Know Today

Black Market Dollar To Naira Exchange Rate Hits New Highs: What You Need To Know Today

Looking for the latest Dollar to Naira exchange rate? Dive into the black market’s enticing figures, also known as the parallel market (Aboki fx), and discover the rates for today, 26th February 2024…..READ ALSO Black Market Dollar To Naira Exchange Rate Rise Today, 25th February 2024

Curious about the current dollar to naira exchange rate in the black market? Check out the rates for 25th February below, where you can swap your dollar for Naira at these enticing rates.

Wondering how much a dollar is worth in Naira today on the black market? According to sources at Bureau De Change (BDC), players in the Lagos Parallel Market (Black Market) are buying a dollar for N1400 and selling at N1450 as of Sunday, 25th February 2024.

Keep in mind that the Central Bank of Nigeria (CBN) does not endorse the parallel market (black market) and advises individuals to approach their respective banks for forex transactions.

Black Market Dollar to Naira Exchange Rate Today:

• Buying Rate: N1400
• Selling Rate: N1450

Dollar to Naira CBN Rate Today:

• Buying Rate: 1488
• Selling Rate: 1489

It’s important to note that the forex rates you encounter may differ from those mentioned here due to fluctuating prices.

In other news, brace yourselves for the latest revelation from the National Bureau of Statistics (NBS) – the pump price of fuel has skyrocketed by a staggering 159.92% within a year, reaching N668.30 per liter in January 2024 from N257.12 in January 2023.

President Bola Tinubu’s abolition of fuel subsidies upon taking office has led to this astronomical spike, with pump prices soaring from approximately N189 per litre to over N640 per litre. The NBS report further delves into state and zonal profiles, revealing intriguing insights into the varying fuel prices across Nigeria.