Black Market Dollar To Naira Exchange Rate Today 4th January 2024

Black market dollar to naira exchange rate today 4 January 2024 can be accessed below.

This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N1220$1 and sell for N1230/$1.

However, they added that the rate could sometimes vary depending on the transaction, cash, or transfer form. that is to say, you will likely get a higher rate if you have physical cash to exchange.

How much is the dollar exchange rate to Naira in the Black Market today?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.

Dollar to Naira exchange rate: Dollar to Naira Black Market Rate Today 3rd January 2024

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	N1220
Selling Rate	N1230

The local currency opened at N1230 per $1 at the parallel market otherwise known as the black market today, in Lagos Nigeria.

Even though the dollar to naira opened in the parallel market at N1230 per $1 today, Newsrain Nigeria reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

NewsRain Nigeria reports that in the black market, the players buy a dollar for N1220 and sell for N1230 on Thursday 4th January 2024.

Disclaimer: NEWS RAIN  NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.