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how much is dollar to naira today in black market

how much is dollar to naira today in black market

As of today, July 13, 2024, the black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) varies slightly by location in Nigeria. The current rate in Lagos and other major cities like Abuja and Kano is approximately ₦1,406 to ₦1,470 per USD​ (Nairatoday.com|)​​ (USD Exchange Rates)​​ (AbokiFX.APP)​.

These rates are higher than the official Central Bank of Nigeria (CBN) rate, reflecting the difficulties in accessing foreign currencies through formal channels, which drives many to the parallel market. If you’re looking to exchange currencies, it’s advisable to confirm rates from multiple reliable sources and proceed with caution due to the risks associated with black market transactions, such as counterfeit currency and fraud​ (AbokiFX.APP)​.

For real-time updates and detailed information, you can use tools like AbokiFX, which provide current exchange rates and conversion tools for various currencies​ (AbokiFX.APP)​.

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