As of today, 14th September 2024, the exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) in the black market is as follows:
- Buying Rate: ₦1662
- Selling Rate: ₦1665
These rates apply to the Lagos Parallel Market (Black Market), according to sources at the Bureau De Change (BDC). It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. Individuals needing foreign exchange are encouraged to approach their respective banks.
CBN Exchange Rate for Dollar to Naira
- Buying Rate: ₦1645
- Selling Rate: ₦1646
Please be aware that the exchange rate may vary slightly depending on the location and vendor, so rates might differ from those captured in this article.
