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Breaking News: Black Market Dollar To Naira Rate Soars On 12th December 2024

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1 year ago

December 12, 2024

Ireporteronline

Breaking News: Black Market Dollar To Naira Rate Soars On 12th December 2024

Curious about today’s exchange rate? Here’s the latest on the black market (parallel market or “Aboki FX”) exchange rates for the Dollar to Naira. On Wednesday, 11th December 2024, the exchange rate…Breaking News: Black Market Dollar To Naira Rate Soars On 12th December 2024

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at the Lagos Parallel Market shows that:`

Dollar buying price: ₦1690
Dollar selling price: ₦1710

Sources from Bureau De Change (BDC) confirm these rates. However, note that the Central Bank of Nigeria (CBN) does not officially endorse the parallel market. Individuals seeking to exchange foreign currency are advised to go through their banks, as directed by the CBN.

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Current CBN Official Rates

For reference, the official rates set by the Central Bank of Nigeria (CBN) for 12th December 2024 are:

Highest rate: ₦1557
Lowest rate: ₦1515

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Please keep in mind that actual exchange rates may vary, and it is advisable to confirm with your local bureau or bank before making any transactions.

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