See the black market Dollar to Naira exchange rate for 18th August, 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 N1605 and sell at N1610 on Sunday 18th August 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 | N1605 |
| Selling Rate | N1610 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1584 |
| Selling Rate | N1585 |
The reduction in the prices of some food items has pushed Nigeria’s food inflation to fall to 39.53 percent in July 2024 from 40.87 percent in June of the same year.
According to the National Bureau Statistics (NBS) July’s Consumer Price Index and Inflation data released on Thursday, there was a reduction in the prices of Garri, Akpu(fufu), milk, and other items.
On a month-on-month basis, the country’s food inflation rate in July 2024 was 2.47 percent, which shows a 0.08 percent decrease compared to the 2.55 percent rate recorded in June 2024.
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