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Wednesday 14 August 2024

Exchange Rate For Dollar To Naira In The Black Market Today, August 14, 2024






As of August 13, 2024, the black market exchange rate for the dollar to naira at the Lagos Parallel Market (also known as the black market) is as follows: buyers are purchasing dollars at ₦1,593, while sellers are offering dollars at ₦1,598. This rate is sourced from Bureau De Change (BDC) operators.


It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals to conduct foreign exchange transactions through their banks.


**Current Exchange Rates:**


– **Black Market Rate:**

– Buying Rate: ₦1,593

– Selling Rate: ₦1,598


– **CBN Rate:**

– Buying Rate: ₦1,573

– Selling Rate: ₦1,574


Please be aware that actual rates may vary from those listed here due to fluctuations in the market.


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