Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today – 11th September 2024

Dollar to Naira exchange rate has gained significant attention, especially in the parallel market, commonly known as the black market or Aboki fx. Many Nigerians prefer the parallel market to exchange their dollars due to its less stringent regulations compared to the official banking sector. Below, we provide the black market exchange rate for 11th September 2024, alongside the official CBN rates.

How Much Is a Dollar to Naira Today in the Black Market?

At the Lagos Parallel Market (Black Market), the buying rate for the dollar today is N1650, while the selling rate stands at N1660, as reported by sources within the Bureau De Change (BDC). It’s important to note that these rates fluctuate based on demand and supply, so they may differ slightly depending on the seller.

Dollar to Naira Black Market Rate Today (11th September 2024):

• Buying Rate: N1650
• Selling Rate: N1660

Official Dollar to Naira CBN Exchange Rate

The Central Bank of Nigeria (CBN), which regulates the official exchange market, currently offers a buying rate of N1611 and a selling rate of N1612. The CBN does not recognize the parallel market and has advised individuals needing foreign exchange to use formal banking channels.

Dollar to Naira CBN Rate Today:

• Buying Rate: N1611
• Selling Rate: N1612

Important Note:

The rates you encounter when buying or selling foreign exchange may differ from what is published here due to market dynamics. Prices vary depending on several factors, including location, transaction volume, and the source of the currency.

Stay Updated: Always keep an eye on the latest Dollar to Naira rates, as they tend to shift frequently, impacting businesses and personal transactions.