Summary:
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) on 25th August 2024 is as follows:
- Buying Rate: ₦1615 per USD
- Selling Rate: ₦1620 per USD
These rates are sourced from Bureau De Change (BDC) operators in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the black market. For official forex transactions, individuals are encouraged to approach their respective banks.
CBN Official Rate:
- Buying Rate: ₦1591 per USD
- Selling Rate: ₦1592 per USD
Note: Exchange rates may vary slightly depending on the location and the specific BDC operator.
