See the black market Dollar to Naira exchange rate for 2nd March, 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 N1550 and sell at N1580 on Saturday 2nd March 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 | N1550 |
| Selling Rate | N1580 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1543 |
| Selling Rate | 1544 |
A front-runner in the Nigerian cement production sector, BUA Cement Plc, has disclosed its financial performance for the year ended December 2023, revealing a profit after tax of N69.45 billion.
This figure indicates a notable 31.2% decline from the N101.01 billion profit recorded in the previous year, 2022.
A significant factor contributing to this downturn is a substantial foreign exchange loss of N69.95 billion experienced in 2023, a steep increase from the N5.50 billion loss reported in 2022.
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