Naira To Dollar CBN Rate Today 24th July 2023
See the black market Dollar to Naira exchange rate for 4th 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 N1245 and sell at N1250 on Thursday 4th 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 | N1245 |
| Selling Rate | N1250 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 913 |
| Selling Rate | 914 |
The Nigerian currency, Naira, experienced a significant drop, reaching N1035.12 against the US dollar at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Wednesday.
This decline represents a 4.72 percent decrease from the N988.46/$ rate recorded on Tuesday, the first trading day of 2024.
The FMDQ Securities Exchange reported fluctuations in the official FX trading, ranging from a low of N700 to a high of N1,224 per dollar.
The market opened at N932.67 and closed at N1035.12, with a total daily FX market turnover of $85.68 million at the NAFEM window.
In the parallel market, the Naira fell by N15 or 1.23 percent, reaching N1,230 on Wednesday, compared to N1,215 on December 30, 2023.
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