As of 30th August 2024, the exchange rate for the U.S. dollar to the Nigerian naira on the black market (parallel market) in Lagos is as follows:
- Buying Rate: ₦1615 per dollar
- Selling Rate: ₦1630 per dollar
Please note that these rates can vary depending on the location and the dealer. Additionally, the Central Bank of Nigeria (CBN) does not recognize the black market rates and advises individuals to conduct foreign exchange transactions through official channels like banks.
The official CBN rate for the dollar to naira is slightly lower:
- Buying Rate: ₦1602 per dollar
- Selling Rate: ₦1603 per dollar
Keep in mind that rates can fluctuate throughout the day.
