Latest Update: Black Market Dollar To Naira Exchange Rate For November 25, 2023

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Check the Black Market Dollar to Naira exchange rates for November 24th below. If you’re looking to exchange your dollars for Naira, here are the prevailing rates…CONTINUE READING

What is the Dollar to Naira exchange rate in the black market today? Dollar to Naira exchange rate today in the black market (Aboki dollar rate):

At the Lagos Parallel Market (Black Market), traders are buying a dollar for N1150 and selling at N1155 on Friday, November 24th, 2023, according to sources at Bureau De Change (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals engaging in Forex transactions to approach their respective banks.

Black Market Dollar to Naira Exchange Rate Today: Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate: N1150 Selling Rate: N1155

CBN Dollar to Naira Exchange Rate Today: Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate: 837 Selling Rate: 838

Keep in mind that the rates for buying or selling forex may differ from those presented in this article due to market fluctuations.

The official Investor and Exporter forex window witnessed a decline in the value of the naira on Thursday, as the supply of US Dollars decreased by 46.77 percent.

According to data from the FMDQ Securities Exchange, this decline represented a 13.78 percent drop from the previous day’s closing rate of N840.53 against the US Dollar. Additionally, the market experienced a reduced volume of dollars traded, with turnover falling from $198.21 million on Wednesday to $105.50 million.

The day began with the naira trading at N800.90 against the US Dollar but underwent fluctuations throughout the day, reaching a high of N1136/$ and a low of N615/$. It eventually closed trading at N956.33/$, as reported by Naija News.

Despite the Central Bank of Nigeria’s (CBN) efforts to address the backlog of foreign exchange forward contracts, the naira’s instability persists.