Black Market Exchange Rate For Dollar To Naira – August 18, 2024

Black Market Exchange Rate For Dollar To Naira – August 18, 2024

Check out the black market Dollar to Naira exchange rate for August 17 below. Here’s how much you can exchange your dollars for:

**Current Black Market Rates (August 18, 2024):…. CONTINUE READING

– **Buying Rate:** N1602 per USD
– **Selling Rate:** N1605 per USD

These rates reflect the rates at which dollars are bought and sold at the Lagos Parallel Market (Black Market), according to sources from Bureau De Change (BDC)

**Note:** The Central Bank of Nigeria (CBN) does not endorse the parallel market. For Forex transactions, the CBN advises individuals to use their banks.

**CBN Rates (August 17, 2024):**

– **Buying Rate:** N1584 per USD
– **Selling Rate:** N1585 per USD

Please be aware that actual rates for buying or selling forex may differ from those mentioned in this article as prices fluctuate.

**NBS Reveals Most Affordable States in Nigeria**

The National Bureau of Statistics (NBS) has identified the least expensive states in Nigeria. According to their latest report, Benue, Delta, and Borno are currently the most affordable states.

The NBS Consumer Price Index and Inflation Data for July, released on Thursday, highlighted that these states experienced the slowest rise in Headline Inflation year-on-year. Benue’s inflation rate was 27.28%, Delta’s was 28.06%, and Borno’s was 28.33%.

For month-on-month inflation, Taraba (0.17%), Kwara (0.62%), and Ondo (0.91%) showed the slowest increases. Conversely, Abuja (3.91%), Borno (3.84%), and Enugu (3.76%) saw the highest inflation rises.

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