Black Market Dollar to Naira Exchange Rate

Are you wondering what the Dollar to Naira exchange rate is in the black market, also known as the parallel market?

Here’s an update on the rates for 21st September 2024. Below, you can find the exchange rate for trading your dollars to Naira at the parallel market.

What is the Current Dollar to Naira Black Market Exchange Rate?

As of today, 21st September 2024, the exchange rate for a dollar to naira in the Lagos Parallel Market shows that currency traders are buying a dollar for ₦1,655 and selling it at ₦1,665, based on reliable sources from Bureau De Change (BDC) operators.

It’s important to remember that the Central Bank of Nigeria (CBN) does not recognize or endorse the parallel market.

The CBN encourages individuals and businesses to conduct foreign exchange transactions through official channels like commercial banks.

Black Market Dollar to Naira Exchange Rate for 21st September 2024

Official CBN Dollar to Naira Exchange Rate Today

The official CBN exchange rate for dollar to naira is typically lower than the black market rates. As of today, the CBN rate is as follows:

Important Note

Please be aware that exchange rates may fluctuate throughout the day depending on the market conditions.

The rates provided here are based on the latest information, but the actual rate you encounter may differ slightly depending on where and when you are trading your currency.

If you’re considering any forex transactions, it’s always a good idea to confirm the rate with your source before proceeding.