Today, the black market exchange rate for the U.S. dollar to Nigerian Naira remains high, with Bureau De Change operators in Lagos buying at N1,730 per dollar and selling at N1,740 as of November 8, 2024. This rate reflects ongoing currency pressures despite the Central Bank of Nigeria’s directive for forex transactions to occur through official banking channels.
Current Exchange Rates:
- Black Market Rate
- Buying: N1,730
- Selling: N1,740
- CBN Official Rate
- Buying: N1,664
- Selling: N1,665
In Other News:
Former MTN Nigeria CEO, Ahmad Farroukh, has taken on the role of Chief Executive Officer at Globacom. His appointment is expected to bring operational enhancements aligned with the Nigerian Communications Commission’s (NCC) recent governance initiatives, as he prepares to guide Glo through a potential restructuring phase.