Current Black Market Dollar To Naira Rate: September 1, 2024

Current Black Market Dollar To Naira Rate: September 1, 2024....KINDLY READ THE FULL STORY HERE▶

For those interested in the black market (parallel market) exchange rate, the current rate is as follows…..CONTINUE READING 

On August 31, 2024, the black market rate in Lagos was:
– **Buying Rate:** ₦1630 per dollar
– **Selling Rate:** ₦1640 per dollar

Note that the Central Bank of Nigeria (CBN) does not endorse the parallel market. Individuals seeking foreign exchange are advised to use their banks.

**Dollar to Naira Black Market Rate Today**
– **Buying Rate:** ₦1630
– **Selling Rate:** ₦1640

**Dollar to Naira CBN Rate Today**
– **Buying Rate:** ₦1597
– **Selling Rate:** ₦1598

Exchange rates may vary from those reported here due to fluctuations in the market.

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**CBN Lifts Suspension on Bank Borrowing, Sets New Lending Rate**

The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the new lending rate at 31.75%. This change follows the 296th Monetary Policy Committee (MPC) meeting.

Omolara Duke, Director of the Financial Markets Department, announced on August 26, 2024, that the MPC adjusted the upper limit of standing facilities to 5.00% from the previous 1.00%, aligning with the Monetary Policy Rate (MPR). The SLF is now available to authorized dealers from 5 pm to 6:30 pm via the Sceipless Securities Settlement System (S4).

Authorized dealers can access the SLF at 31.75% and use the Intraday Lending Facility (ILF) without charges if repaid on the same day, to avoid system congestion.

For the latest updates and juicy gossip, dive into the Bushradiogist platform by clicking this link: Bushradio. For advert placement only, shoot a WhatsApp message to 0807 580 6790.

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