Business
Dollar Hits High In Black Market As Naira Struggles: Official Rate Today February 17, 2025
Dollar Hits High In Black Market As Naira Struggles: Official Rate Today February 17, 2025
As of February 17, 2025, the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) in the black market is approximately ₦1,570 per $1. This rate has remained stable over the past few days, with reports indicating the same rate on February 16, 2025……..READ MORE
In contrast, the official exchange rate set by the Central Bank of Nigeria (CBN) is significantly lower, at approximately ₦767.54 per $1.
Please note that black market rates are unofficial and can vary between different sources and locations. For the most accurate and up-to-date information, it’s advisable to consult multiple sources or contact local currency dealers directly.
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