Latest Update: Black Market Dollar To Naira Exchange Rate On November 26, 2023

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Check out the current black market exchange rate for the Dollar to Naira on November 25th. If you’re looking to exchange your dollars for Naira, these rates apply…CONTINUE READING

Wondering about today’s Dollar to Naira rate in the black market?

According to sources at Bureau De Change (BDC), at the Lagos Parallel Market (Black Market) on Saturday, November 25th, 2023, the exchange rate is as follows: buying a dollar for N1155 and selling at N1163.

It’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). The CBN has directed individuals engaging in Forex transactions to approach their respective banks.

Dollar to Naira Black Market Rate Today:

• Dollar to Naira (USD to NGN) Black Market Exchange Rate Today:
  • Buying Rate: N1155
  • Selling Rate: N1163

Dollar to Naira CBN Rate Today:

• Dollar to Naira (USD to NGN) Black Market Exchange Rate Today:
  • Buying Rate: 805
  • Selling Rate: 806

Keep in mind that the rates for buying or selling forex may differ from those mentioned in this article as prices vary.

In related news, Taiwo Oyedele, the chairman of the Presidential Committee on Tax and Fiscal Policy Reform, expressed concerns about paying taxes and levies in foreign currency.

Oyedele argued on Channels TV’s Sunrise Daily on Friday that this practice was not benefiting the country’s economy.

He highlighted that requiring Nigerian companies to pay certain levies and taxes in foreign currency is creating unnecessary demand in the forex market, leading to delayed payments when companies face difficulties accessing foreign currencies.

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