The Lagos Parallel Market (Black Market) players have set the exchange rate for the US Dollar (USD) to the Naira (NGN) at ₦1,520 (buying) and ₦1,530 (selling) as of Monday, July 8th, 2024, according to sources at Bureau De Change (BDC).
IMPORTANT NOTE: The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals who want to engage in Forex to approach their respective banks.
Here are the current exchange rates:
– Dollar to Naira Black Market Rate:
– Buying Rate: ₦1,520
– Selling Rate: ₦1,530
– Dollar to Naira CBN Rate:
– Buying Rate: ₦1,512
– Selling Rate: ₦1,513
Please note that Forex prices vary and may differ from what is captured in this article.
