Black Market Dollar To Naira Rate Skyrockets: What You Need To Know Today

Black Market Dollar To Naira Rate Skyrockets: What You Need To Know Today

As of today, 5th December 2024, the exchange rate for the US Dollar to Nigerian Naira in the black market, also known as the...READ MORE…

parallel market (Aboki FX), is as follows:

• Buying Rate: N1700
• Selling Rate: N1715

These rates are based on sources within Bureau De Change (BDC) operators in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has advised individuals to engage in foreign exchange transactions through licensed banks instead.

For reference, the CBN’s official exchange rate today is:

• Buying Rate: N1612
• Selling Rate: N1613

Please be aware that exchange rates can fluctuate, and the rates you experience may differ from those listed due to variations in the market.

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