black market dollar rate

  1. Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips

    Nigeria Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips

    The naira appreciated to N1,512 per dollar in the black market while weakening slightly to N1,505 per dollar in the official forex market. The exchange rate gap narrowed to N7 per dollar as the CBN continued interventions. Experts assess the impact on inflation, imports, and investor confidence...
  2. Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market

    Nigeria Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market

    As of September 18, 2024, the black market exchange rate for the US dollar against the Nigerian Naira reached N1,660. This significant disparity from the official Central Bank rate highlights ongoing economic challenges and a persistent shortage of foreign exchange in Nigeria. As of September...
  3. Today's Naira Rate[10-09-2024]: Naira Woes Deepen as Dollar Hits N1,650 in Parallel Market

    Nigeria Today's Naira Rate[10-09-2024]: Naira Woes Deepen as Dollar Hits N1,650 in Parallel Market

    As of September 9, 2024, Nigeria’s black market exchange rate for the US dollar hit N1,650, while the Central Bank’s official rate stands at N1,629. Economic instability, forex shortages, and policy shifts continue to fuel the gap between official and parallel rates, signaling deep-rooted...
  4. Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    Nigeria Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    On July 22, 2024, the black market exchange rate for USD to NGN in Lagos is ₦1,590 buying and ₦1,598 selling. In contrast, the Central Bank of Nigeria sets its official rates at ₦1,584 buying and ₦1,585 selling. Rates may vary slightly due to market conditions. On July 22, 2024, the black...
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