Currency Chaos! Dollar To Naira Rate Reaches New Heights In Black Market

Currency Chaos! Dollar To Naira Rate Reaches New Heights In Black Market

What is the Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?.…..CONTINUE READING 

Here’s the Dollar to Naira exchange rate for the black market (also known as the parallel market) as of October 19. You can exchange your dollars for naira at the following rates.

Current Dollar to Naira Exchange Rate in the Black Market:

As of Saturday, October 19, 2024, the exchange rate in the Lagos parallel market indicates that buyers are purchasing a dollar for N1700 and selling it for N1710, according to sources at Bureau De Change (BDC).

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN has instructed individuals wishing to engage in forex transactions to do so through their respective banks.

Dollar to Naira Black Market Rates Today:

Buying Rate: N1700S

elling Rate: N1710

Dollar to Naira CBN Rates Today:

Buying Rate: N1651

Selling Rate: N1652