The dollar to naira exchange rate in the black market today, October 12, 2024, stands at ₦1695 for buying and ₦1700 for selling. This rate is reported from Lagos-based Bureau De Change (BDC) sources. However, the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to conduct foreign exchange transactions through official banking channels. The official CBN exchange rate is ₦1625 for buying and ₦1626 for selling. Keep in mind that actual exchange rates may vary depending on location and transaction circumstances.
