Black Market Dollar To Naira Exchange Rate Today 6 March 2024

Black Market Dollar To Naira Exchange Rate Today 6 March 2024 Can Be Accessed Below.

NewsRain Nigeria reports that the exchange rate between the naira and the US dollar today, 6 March 2024 on the black market, opened at an average of N1,625/$1.

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 N1,615/$1 and sell for N1,625/$1.

However, they also added that in some cases the rate could vary depending on the form of transaction, cash, or transfer. that is to say, you are likely to get a higher rate if you have physical cash to exchange.

Black market dollar to naira exchange rate today

The local currency (abokiFx) opened at ₦1,625.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 6 March 2024, in Lagos Nigeria, after it closed at ₦1,615.00 per $1 on Tuesday, 5 March 2024.

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate of $1	₦1,615
Selling Rate of $1	₦1,625

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

CBN Official Naira to Foreign Exchange Rates

The official exchange rate of the US dollar to the Nigerian naira, as of today, 6 March 2024, is ₦1,561 per US dollar.

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate of $1	₦1,560
Selling Rate of $1	₦1,561

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Disclaimer: NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel 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.