The exchange rate for the US dollar to the Nigerian naira in the black market (parallel market) stands at ₦1700 for buying and ₦1710 for selling as of Saturday, 19th October 2024. These rates are provided by sources from the Bureau De Change (BDC) in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not recognize black market transactions and advises individuals to approach their banks for foreign exchange needs.
Additionally, the CBN’s official rate for the dollar is ₦1651 for buying and ₦1652 for selling, with market variations possible depending on transaction points.
