Business
Black Market Dollar To Naira Exchange Rate Today October 1st 2024
Black Market Dollar To Naira Exchange Rate Today October 1st, 2024 Can Be Accessed Below.
Newsrain Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The local currency (abokiFx) opened at ₦1,700.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 1 October 2024, in Lagos Nigeria, after it closed at ₦1,695.00 per $1 on Monday, 30 September 2024.
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦1,695 |
Selling Rate | ₦1,700 |
Below you can see the chart for the Nigerian Naira rate today in the official market compared to the Dollar.
1 USD = 1673.34 NGN |
1 Dollar = 1673.34 Nigerian Naira |
The USDNGN rate as of 1 Oct 2024 |
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 FMDQOTC website. 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.