Black Market Dollar to Naira Exchange Rate Today: September 4, 2024

Today’s update on the black market exchange rates, we look at the latest figures for the Dollar to Naira conversion. For September 4, 2024, the black market—often referred to as the parallel market or Aboki FX—offers the following exchange rates:

Black Market Exchange Rate:

• Buying Rate: ₦1,630 per Dollar
• Selling Rate: ₦1,640 per Dollar

On September 3, 2024, the rates at the Lagos Parallel Market (Black Market) were as follows:

• Buying Rate: ₦1,630 per Dollar
• Selling Rate: ₦1,640 per Dollar

It’s important to note that these rates are subject to fluctuation and may vary from one Bureau De Change (BDC) to another. For those looking to exchange currencies, it’s advisable to check current rates before proceeding with any transactions.

Central Bank of Nigeria (CBN) Exchange Rate Today:

• Buying Rate: ₦1,597 per Dollar
• Selling Rate: ₦1,598 per Dollar

The CBN does not officially recognize the parallel market rates and recommends that individuals seeking foreign exchange approach their banks for transactions.

Key Takeaways:

• The black market rates are typically higher than the official CBN rates.
• Exchange rates can vary, so it is beneficial to verify the latest rates before making any exchanges.

Stay informed on the latest exchange rates to make the most of your foreign exchange transactions.