Black Market Dollar to Naira Exchange Rate: What You Need to Know Today, August 29, 2024

Dollar to Naira Exchange Rate Today

If you’re curious about the black market dollar to naira exchange rate, here’s the latest update for August 29, 2024.

In the parallel market, also known as the black market (Aboki fx), the exchange rates are as follows:

• Buying Rate: ₦1610 per USD
• Selling Rate: ₦1620 per USD

These figures represent the rates at which individuals can exchange US dollars for Nigerian naira at Lagos parallel market (black market) Bureau De Change (BDC) operators.

Important Note: The Central Bank of Nigeria (CBN) does not officially endorse these black market rates. The CBN advises those needing foreign exchange to do so through their banks.

Official CBN Dollar to Naira Rates Today

For comparison, here are the Central Bank of Nigeria’s official rates for the dollar to naira exchange:

• Buying Rate: ₦1602 per USD
• Selling Rate: ₦1603 per USD

Please keep in mind that actual rates may vary from those listed due to fluctuations in the market.