Black Market Dollar (USD) To Naira (NGN) Exchange Rate On July 5, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate On July 5, 2024What’s the Current Rate?Are you curious about the latest dollar to naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the scoop:

• Buying Rate: N1515
• Selling Rate: N1520

These rates were recorded on Thursday, July 4, 2024, according to our reliable sources at Bureau De Change (BDC).

Important Note:

The Central Bank of Nigeria (CBN) does not recognize the parallel market. It directs individuals who want to engage in Forex to approach their respective banks.

Today’s Rates:

• Dollar to Naira Black Market Rate:
  • Buying: N1515
  • Selling: N1520
• Dollar to Naira CBN Rate:
  • Buying: N1510
  • Selling: N1511

Please note, the rates at which you buy or sell forex may differ from those listed, as prices can vary.

Naira Depreciation:

The Nigerian currency has seen another day of depreciation in both parallel and official markets. Yesterday, the naira slid to N1520 per dollar in the parallel market, a slight drop from N1515 per dollar on Tuesday.

In the Nigerian Autonomous Foreign Exchange Market (NAFEM):

• Current Rate: N1512.61 per dollar
• Previous Rate: N1509.45 per dollar

This decline of N3.16 highlights ongoing volatility in the foreign exchange markets.