Dec 19, 2024: Current Dollar to Naira black market rate
As of today, December 19, 2024, the dollar-to-naira exchange rate (black market) is NGN1,688.60. The Christmas is in a week. The Nigeria economy has continued to play a vital role in the rapid increase of the exchange rate.
AbokiFX exchange rate today
| $1 | NGN 1,688.60 |
| $10 | NGN 16,886 |
| $20 | NGN 33,772 |
| $50 | NGN 84,430 |
| $100 | NGN 168,860 |
| $200 | NGN 337,720 |
The price range between Naira-to-dollar official rate (bank rate) and black market (AbokiFX) dollar rates continues to rise. The rapid increase in the AbokiFX is influenced by some factors.
The black market exchange rate is almost always higher than the bank rate. As of today, December 19, 2024, the Naira-to-dollar black market rate is NGN1,688.60.
Dollar to Naira Bank Rate
However, the official exchange rate, which is also known as the bank rate of dollar to naira is NGN1538.88; this is according to the data provided on the Central Bank of Nigeria website. As you can see, there’s a difference of NGN149.72 between the AbokiFX rate and the bank rate.
