As of October 28, 2024, the dollar-to-naira exchange rate in Nigeria’s black market remains high, with buyers paying N1696 per dollar and sellers offering it at N1710. The Central Bank of Nigeria (CBN) does not officially recognize the black market rate, advising Nigerians to use banks for forex needs.
Meanwhile, the official CBN rate today stands slightly lower, with the dollar buying at N1634 and selling at N1635. These rates may vary based on location and provider, so buyers and sellers should check local sources for the most accurate figures.
In other news, Finance Minister Wale Edun and Oando Group President Wale Tinubu met with Afreximbank’s Prof. Benedict Oramah in Washington, D.C., discussing strategic financing for Nigeria’s energy and trade growth as part of President Tinubu’s economic reform agenda.
