See the black market Dollar to Naira exchange rate for 6th 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 N1600 and sell at N1610 on Wednesday 6th 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 | N1600 |
| Selling Rate | N1610 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1590 |
| Selling Rate | 1591 |
The Central Bank of Nigeria (CBN) has slashed the exchange rate used to calculate import duties.
The rate was slashed by 5.3%, Naija News understands.
The development was posted on the official trade portal of the Nigeria Customs Service.
The reduction comes after a period of relative stability in the exchange rate between the Naira and the United States dollar.
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