See the black market Dollar to Naira exchange rate for 30th May, 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 N1475 and sell at N1485 on Thursday 30th May 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 | N1475 |
| Selling Rate | N1485 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1196 |
| Selling Rate | N1197 |
The Nigerian currency, the Naira, experienced a positive shift in the parallel market, strengthening to ₦1,375 per dollar compared to ₦1,500 per dollar on Tuesday.
However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated to ₦1,339.33 per dollar.
According to data from FMDQ, the indicative exchange rate for NAFEM increased to ₦1,329.65 per dollar from ₦1,173.88 per dollar on Tuesday, resulting in a depreciation of ₦155.77 for the Naira.
As a result, the margin between the parallel market and NAFEM rates narrowed to ₦45.35 per dollar from ₦326.12 per dollar on Tuesday.
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