Latest Black Market Dollar To Naira Exchange Rate Today, November 23, 2023

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Check the black market exchange rate for the Dollar to Naira on November 22nd below. You have the option to exchange your dollar for Naira at these rates…CONTINUE READING

What is the current dollar to naira exchange rate in the black market today?

As of November 22, 2023, the exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) indicates that players buy a dollar for N1155 and sell at N1165, according to sources at Bureau De Change (BDC).

It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), directing individuals interested in Forex transactions to approach their respective banks.

Dollar to Naira Black Market Rate Today:

• Buying Rate: N1155
• Selling Rate: N1165

Dollar to Naira CBN Rate Today:

• Buying Rate: 803
• Selling Rate: 804

Please be aware that the rates for buying or selling forex may differ from what is outlined in this article as prices are subject to variation.

In recent developments, Nigeria and Germany have formalized substantial agreements with a combined value of $500 million, focusing on collaboration within the renewable energy and gas sectors.

The expanding economic collaboration between Nigeria and Germany saw further consolidation through the signing of two significant agreements at the 10th German-Nigerian Business Forum in Berlin, Germany. President Bola Tinubu highlighted Nigeria’s resilient democracy as an attractive factor for foreign direct investments.

During the forum, the President oversaw the signing of two Memoranda of Understanding (MoUs): one centered on the supply of gas from Nigeria to Germany and the other on $500 million worth of renewable energy projects in Nigeria.