Black Market Dollar To Naira Exchange Rate Today 5th November 2024

Black Market Dollar To Naira Exchange Rate Today 5th November 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.

What is the dollar to naira exchange rate today?

The local currency (abokiFx) opened at ₦1,730.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 5 November 2024, in Lagos Nigeria, after it closed at ₦1,720.00 per $1 on Monday, 4 November 2024.

Please note that the black market dollar-to-naira exchange rate in Nigeria is typically higher than the official exchange rate because the Federal Government does not regulate it.

Below you can see the chart for the Nigerian Naira rate today in the official market compared to the Dollar.

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.