Black Market Dollar To Naira Exchange Rate For November 28, 2024

Black Market Dollar To Naira Exchange Rate For November 28, 2024As of Wednesday, November 27, 2024, the exchange rate for the Dollar to Naira in the black market (also known as the parallel market) is as follows:....KINDLY READ THE FULL STORY HERE▶

•Buying Rate: ₦1,745 per USD

•Selling Rate: ₦1,750 per USD

This is the rate at which individuals and businesses can exchange their dollars for Naira in Lagos, according to sources from Bureau De Change (BDC) operators.

It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market for currency exchange. The CBN encourages individuals to use regulated financial institutions (banks) for foreign exchange transactions.

Dollar to Naira CBN Official Rate Today:

•Buying Rate: ₦1,678 per USD

•Selling Rate: ₦1,679 per USD

Please keep in mind that the actual exchange rate you receive may vary slightly, as rates fluctuate based on market conditions and the specific financial institution you transact with.

Nigeria’s Economic Growth: Q3 2024 GDP Rises by 3.46%

In related news, the National Bureau of Statistics (NBS) has reported that Nigeria’s GDP grew by 3.46% in Q3 of 2024, an increase from the 3.19% growth recorded in Q2 and a significant rise from the 2.54% recorded in Q3 2023. The growth was largely driven by the service sector, signaling a positive shift in the country’s economic performance.

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