Black Market Dollar to Naira Exchange Rate Today, September 7th, 2024: Latest Rates and Updates

Dollar to Naira Exchange Rate for Black Market – 7th September 2024

Are you curious about the current Dollar to Naira exchange rates in the black market, also known as the parallel market? Here is the latest update on how much you can swap your USD for Naira today, September 7th, 2024.

What Is the Dollar to Naira Exchange Rate at the Black Market Today?

On Friday, September 6th, 2024, black market dealers in Lagos (according to Bureau De Change sources) are buying one dollar at ₦1650 and selling it at ₦1660. These rates are reflective of the ongoing demand for the dollar within the parallel market.

Important Note on Black Market Rates

Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize black market rates. The CBN advises individuals seeking to buy or sell foreign currency (forex) to visit their respective banks for legal transactions.

CBN Official Dollar to Naira Exchange Rate Today

For comparison, the official exchange rate as set by the CBN is slightly lower. On September 6th, 2024, the official rate is:

Please note that the rate you get for your forex transactions might differ slightly depending on your specific location or financial institution.