The dollar to naira exchange rate in the black market on 10th September 2024 saw a dollar bought at N1650 and sold at N1660, according to sources from the Bureau De Change (BDC). The Central Bank of Nigeria (CBN) continues to emphasize that it does not recognize the parallel market and encourages individuals to approach banks for foreign exchange transactions.
Meanwhile, the CBN’s official rate lists the dollar at N1611 for buying and N1612 for selling. Rates may vary slightly depending on the forex source.
In a related development, the Securities and Exchange Commission (SEC) has pledged to crack down on unregulated capital market operators, including crypto platforms, to ensure investor protection and compliance with regulations.
