As of Friday, December 20, 2024, the exchange rate for the US Dollar to the Nigerian Naira at the Lagos Parallel Market (Black Market) stands at:
Buying Rate: ₦1,656
Selling Rate: ₦1,660
These rates reflect the prices at which players in the Bureau De Change (BDC) sector are buying and selling US dollars.
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, as the official directive encourages individuals wishing to engage in foreign exchange transactions to approach their respective banks for the official rates.
Official Dollar to Naira CBN Rate Today:
Highest Rate: ₦1,570
Lowest Rate: ₦1,532
Please bear in mind that the exchange rates at the black market or any other exchange point may vary based on market dynamics and fluctuations, so the rates you encounter might be different from those mentioned in this article.