See the black market Dollar to Naira exchange rate for 12th November, 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 N1125 and sell at N1135 on Sunday 12th November 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 | N1125 |
| Selling Rate | N1135 |
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 964 |
| Selling Rate | 965 |
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last administration and are currently fighting the system.
The politically exposed persons’ activities are allegedly contributing to the depreciation of the naira against major foreign currencies.
Naija News reports that the government’s efforts to stop the depreciation of the naira received a significant boost in the last two weeks when the naira appreciated significantly.
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