See the black market Dollar to Naira exchange rate for 10th December, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1185 and sell at N1195 on Sunday 10th December 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1185 |
| Selling Rate | N1195 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 886 |
| Selling Rate | 887 |
Moody’s, a worldwide rating agency, revealed on its website that the nation’s rising inflation is putting strain on government spending and increasing the likelihood of societal unrest.
Naija News reports that the agency revised its assessment of Nigeria, citing potential improvement in the nation’s external and fiscal positions as a result of recent reform initiatives, from stable to positive.
However, it said that Nigeria’s weak external and fiscal positions are reflected in the confirmation of its Caa1 grade.
Moody’s assigns nations and companies a credit rating, Caa1, to help investors make decisions.
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