December 16, 2024: How much is Dollar to Naira black market rate?
As of today, December 16, 2024, the dollar-to-naira exchange rate (black market) is NGN1,658.86. The Nigeria economy has continued to play a vital role in the rapid increase of the exchange rate.
AbokiFX exchange rate today
| $1 | NGN 1,658.86 |
| $10 | NGN 16,588.6 |
| $20 | NGN 33,177.2 |
| $50 | NGN 82,943 |
| $100 | NGN 165,886 |
| $200 | NGN 331,772 |
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 16, 2024, the Naira-to-dollar black market rate is NGN1,658.86.
However, the official exchange rate, which is also known as the bank rate of dollar to naira is NGN1533.27; this is according to the data provided on the Central Bank of Nigeria website. As you can see, there’s a difference of NGN125.59 between the AbokiFX rate and the bank rate.
