Dollar to Naira Black Market Exchange Rate for 11th November 2024
The exchange rate for the dollar to naira at the black market has remained volatile. As of today, 11th November 2024, players in Lagos’s parallel market are buying dollars at ₦1735 and selling them at ₦1740. Despite fluctuations, the Central Bank of Nigeria (CBN) advises the public to approach official banks for forex transactions, as it does not recognize the parallel market.
Official CBN Rate Update
Today, the CBN’s official rate shows a buying price of ₦1664 and a selling rate of ₦1665 for a dollar, which differs from the rates found in the black market. Please note that forex rates can vary across locations and sellers, so these figures may not match all transactions.
NDIC’s Assurance to Unpaid Heritage Bank Customers
In other financial news, the Nigeria Deposit Insurance Corporation (NDIC) has invited former Heritage Bank customers to submit account details for processing unpaid funds, aiming to protect depositors and reinforce financial stability.
