The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1125 and sell at N1135 on Monday 13th November 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1125
Selling Rate N1135
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 964
Selling Rate 965
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Naira To Dollar: CBN Moves Against Dollar Speculators, Hoarders
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last administration and are currently fighting the system.
The politically exposed persons’ activities are allegedly contributing to the depreciation of the naira against major foreign currencies.
The government’s efforts to stop the depreciation of the naira received a significant boost in the last two weeks when the naira appreciated significantly.
