September 25, 2024: Black Market Dollar To Naira Exchange Rate Insights

September 25, 2024: Black Market Dollar To Naira Exchange Rate Insights....KINDLY READ THE FULL STORY HERE▶

As of September 24, 2024, the black market exchange rate for the dollar to naira is as follows: buyers in the Lagos parallel market are acquiring dollars at N1664, while sellers are offering them at N1675. This information is sourced from participants at Bureau De Change (BDC) outlets……CONTINUE READING 

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN advises individuals interested in forex transactions to engage with their respective banks instead.

### Current Dollar to Naira Black Market Rates
– **Buying Rate:** N1664
– **Selling Rate:** N1675

### CBN Exchange Rate for Dollar to Naira
– **Buying Rate:** N1596
– **Selling Rate:** N1597

Please be aware that actual rates for buying or selling forex may differ from those listed in this article, as market prices can vary.

### Nigerian Railway Revenue Report
In related news, the adoption of rail travel in Nigeria has led to a significant increase in revenue, which reached ₦1.69 billion in Q2 2024. This marks a 53.14% rise compared to ₦1.10 billion during the same period in 2023, according to a report by the National Bureau of Statistics (NBS).

The report reveals that 689,263 passengers utilized rail services in Q2 2024, representing a 45.38% increase from 474,117 passengers in Q2 2023. Additionally, freight transport has seen substantial growth, with 143,759 tons of goods transported by rail this quarter, compared to 56,936 tons during the same period last year.

The revenue from goods transported by rail surged to ₦537.36 million in Q2 2024, reflecting a remarkable 206.68% increase from ₦175.22 million in Q2 2023.