Today’s Update: Black Market Dollar To Naira Exchange Rate On November 20, 2023

View today’s black market exchange rates for Dollar to Naira as of November 19th. You can exchange your dollars for Naira at the following rates…CONTINUE READING

Curious about today’s dollar to Naira rate in the black market? According to Bureau De Change (BDC) sources, in Lagos Parallel Market (Black Market), individuals can buy a dollar for N1130 and sell it for N1135 as of Sunday, November 19, 2023.

It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market). Instead, the CBN directs individuals seeking to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rates Today:

• Buying Rate: N1130
• Selling Rate: N1135

Dollar to Naira CBN Rates Today:

• Buying Rate: 839
• Selling Rate: 840

Please be aware that the forex rates you encounter may differ from those mentioned in this article due to market fluctuations.

In response to the just-released October inflation rate, the Central Bank of Nigeria (CBN) highlighted that its monetary policy reforms are yielding positive results for the economy.

Isa AbdulMumin, the Director of the Corporate Communications Department at CBN, made this statement on Thursday.

The National Bureau of Statistics (NBS) reported a slight increase in overall inflation to 27.33%, with food inflation decreasing to 1.91% from September’s 2.45%.