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Monday 5 August 2024

Today’s Black Market Exchange Rate For USD To NGN – August 5, 2024






As of August 4, 2024, the black market exchange rate for the Dollar to Naira in Lagos is as follows: buyers acquire a dollar for N1605, while sellers offer it at N1614, according to Bureau De Change (BDC) sources.



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


**Current Black Market Exchange Rates:**

– **Buying Rate:** N1605

– **Selling Rate:** N1614


**CBN Official Rates:**

– **Buying Rate:** N1599

– **Selling Rate:** N1600


Keep in mind that actual forex rates may vary from those listed here.


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