The black market exchange rate between the US dollar (USD) and Nigerian naira (NGN) for Tuesday, 27th August 2024, is now available.
Touchaheart Nigeria reports that this article includes information on the official Naira black market exchange rate in Nigeria, alongside rates from the Bureau De Change (BDC) and the Central Bank of Nigeria (CBN).
It’s important to note that the exchange rate is subject to fluctuations based on the supply and demand of dollars in the market. Currently, the rate stands at a certain level, but it could change within hours.
For today, in the Lagos Parallel Market (commonly referred to as the Black Market), sources from the Bureau De Change (BDC) report that a dollar is bought at N1600 and sold at N1615.
It’s essential to remember that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises those interested in foreign exchange to approach their respective banks.
The rates mentioned here may differ from the rates at which you actually buy or sell forex, as these prices can vary across different sources and locations.
