See the black market Dollar to Naira exchange rate for 30th 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 N1460 and sell at N1470 on Tuesday 30th 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 | N1460 |
| Selling Rate | N1470 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 888 |
| Selling Rate | 889 |
The Nigeria naira has plunged to an unprecedented low, reaching N1348.63 against the US dollar in the Nigerian Autonomous Foreign Exchange Market.
This record fall, reported on Monday, represents a significant 51.21% drop from the closing rate of N891.90/$ last Friday in the official market, as per data from the FMDQ Securities Exchange.
This rate marks the worst official exchange the country has seen since the Central Bank of Nigeria (CBN) floated the national currency in June 2023.
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