Dollar To Naira (USD/NGN) Black Market Rates Today, 19th December 2024

Dollar To Naira (USD/NGN) Black Market Rates Today, 19th December 2024The exchange rate for the US Dollar to Naira in the black market (also known as the parallel market) is as follows: On Wednesday, 18th December 2024, the buying rate was N1650, while the selling rate stood at N1660, according to sources within Bureau De Change (BDC) in Lagos.....KINDLY READ THE FULL STORY HERE▶

Please note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, advising individuals seeking foreign exchange to approach their respective banks.

Dollar to Naira Black Market Rates – 18th December 2024

•Buying Rate: N1650

•Selling Rate: N1660

Dollar to Naira CBN Rate Today

•Highest Rate: N1565

•Lowest Rate: N1531

It’s important to note that exchange rates may vary slightly depending on the location and the specific traders involved.

In other news, the price of onions in Nigeria has risen sharply ahead of the Yuletide season. A small-sized onion is currently priced between ₦200 and ₦300 across various markets. A recent survey in Abuja’s Dutse and Kubwa village markets found that the cost of a small onion has surged by 200%, increasing to ₦300 from ₦100 in November. Larger onions are now selling for ₦500, up from ₦300.

In addition, the cost of a dustbin basket of onions has escalated to ₦250,000, a significant rise from the previous range of ₦170,000 to ₦192,000. Traders, like Abdullahi Yakubu from the Dutse first gate market, have explained that such price hikes are typical during the festive season.

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