See the black market Dollar to Naira exchange rate for 5th February, 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 N1440 and sell at N1450 on Monday 5th February 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 | N1440 |
| Selling Rate | N1450 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1367 |
| Selling Rate | 1368 |
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has refuted claims that the federal government is still owing foreign exchange amounting to $2.4 billion.
In an interview with Arise Television, Cardoso said the bank had settled verified forex requests, which amounted to $2.3 billion out of the reported $7 billion outstanding foreign exchange liabilities of the government.
The apex bank chief added that the current total outstanding FX obligations stood at $2.2 billion, expressing confidence that the outstanding forex liabilities would be addressed shortly.
Cardoso further indicated that of the headline $7 billion outstanding FX claims, about $2.4 billion were fraudulent, citing the outcome of a forensic audit by Deloitte Management Consultant, which was commissioned by the apex bank.
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