Naira To Dollar CBN Rate Today 24th July 2023
See the black market Dollar to Naira exchange rate for 29th January, 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 N1445 and sell at N1450 on Monday 29th January 2024, 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 | N1445 |
| Selling Rate | N1455 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1347 |
| Selling Rate | 1348 |
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has explained why the country’s currency is performing poorly in the foreign exchange market.
In a post via his official X account on Friday, Moghalu explained that the government of President Bola Tinubu has not been able to diversify Nigeria’s economy from its heavy reliance on natural resources for foreign exchange to an export economy centred on value-added manufacturing and services, which is why the country’s economic policies continue to fail.
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