Today’s Black Market Exchange Rate: 1 USD to Naira (NGN) – December 31, 2024

Black Market Dollar (USD) to Naira (NGN) Exchange Rate – December 30, 2024....KINDLY READ THE FULL STORY HERE▶

What is the Dollar to Naira Exchange Rate at the Black Market (Parallel Market)?

Here is the black market exchange rate for USD to Naira on December 30, 2024. You can exchange your dollars for Naira at the following rates:

• Buying Rate: N1650
• Selling Rate: N1660

This exchange rate is based on information from Bureau De Change (BDC) operators in Lagos. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to conduct forex transactions through their banks.

Dollar to Naira CBN Rate Today

At the official rate provided by the Central Bank of Nigeria:

• Highest Rate: N1540
• Lowest Rate: N1533

Important Note: The forex rates at which you buy or sell may vary depending on location and market conditions.

World Bank Loan Update

Nigeria recently secured a $1.5 billion loan from the World Bank under the Reforms for Economic Stabilization to Enable Transformation Development Policy Financing initiative.

• The loan was approved on June 13, 2024, with an initial disbursement of $750 million on July 2, 2024.
• The second tranche of $750 million was released in November 2024 following economic reform milestones.
• This brings the total disbursement to $1.88 billion, aiding the government’s economic stabilization and reform efforts.

The loan is structured in two tranches with varying repayment terms, supporting initiatives like subsidy removal and tax system overhauls.

Related Topics:

• Dollar to Naira Black Market Rate Today
• Official Exchange Rates
• Naira to Dollar Conversion