Black Market Dollar To Naira Exchange Rate Update On April 10th, 2024 

Black Market Dollar To Naira Exchange Rate Update On April 10th, 2024 

As per sources from Bureau De Change (BDC), players in Lagos Parallel Market (Black Market) bought a dollar at N1200 and sold at N1210 on Tuesday, April 9th, 2024…….READ ALSO Black Market Dollar To Naira Exchange Rate: April 8, 2024 

Wondering about today’s Dollar to Naira rate in the black market? Keep in mind that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market (black market) and advises individuals interested in Forex to approach their respective banks.

Today’s Black Market Dollar to Naira Rates: Buying Rate: N1,246 Selling Rate: N1,247 You can exchange your dollar for Naira at these rates. Do note that actual rates for buying or selling forex may differ from those mentioned here as prices fluctuate.

Naira Strengthens in FX Market, Surging to N1,120/$ The Nigerian currency, the Naira, witnessed a notable surge in the parallel foreign exchange (FX) market, reaching N1,120 against the dollar on Monday.

This marks a significant 9.67% improvement compared to the N1,240/$ rate recorded on April 3rd, signaling a positive trend in the currency’s value.

As reported by TheCable, in Lagos, Bureau de Change (BDC) operators, commonly known as street traders, set the dollar’s purchase price at N1,100 and the selling price at N1,120, resulting in a profit margin of N20 per dollar.

This upward trend is mirrored in the official trading window, where the Naira strengthened by 1.63% to N1,230.61/$, up from N1,251.05/$ on April 5th.

Official transactions, monitored through the FMDQ Exchange platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), recorded a substantial trading volume of $125.55 million.

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