Currency Crisis: Black Market Dollar To Naira Exchange Rate Shakes Economy Today

Curious about the latest Dollar to Naira exchange rates in the black market (Aboki fx)? Here’s the…READ MORE…

current rate for Monday, 10th December 2024.

Black Market Dollar to Naira Exchange Rate

At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) operators report the following rates:

• Buying Rate: ₦1,600 per dollar
• Selling Rate: ₦1,630 per dollar

CBN Dollar to Naira Exchange Rate

The Central Bank of Nigeria (CBN) continues to emphasize that Forex transactions should be conducted through official channels, discouraging the use of parallel markets.

• Highest Rate: ₦1,554 per dollar
• Lowest Rate: ₦1,524 per dollar

Key Notes:

• The exchange rates may vary depending on your location and the source.
• The black market is not officially recognized by the CBN, which urges individuals to use their banks for Forex transactions.

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