As of September 20, 2024, the Dollar to Naira exchange rate at the black market has reached N1655 for buying and N1665 for selling. These rates were reported by Bureau De Change operators in Lagos. While the Central Bank of Nigeria (CBN) sets the official rate at N1593 for buying and N1594 for selling, it does not recognize the parallel market. Nigerians are advised to use official banking channels for foreign exchange transactions. The varying rates highlight ongoing economic challenges, as currency fluctuations continue to impact the Nigerian economy.
