Looking for the current Dollar to Naira bank rate and black market exchange rate? Find out the current Dollar to Naira black market and Official exchange rate for today, Wednesday, November 1st, 2023.
Convert dollars to naira easily at the prevailing rates. Note that the Central Bank of Nigeria (CBN) does not endorse the parallel market.
The economy’s performance is greatly affected by the dollar-naira exchange rate, impacting inflation and the public.
The CBN advocates for increased exports to enhance the nation’s economy. Black market dollar prices are typically higher than CBN rates. You can also check the exchange rate on CBN’s official website, cbn.gov.ng.
Dollar to Naira black market rate today, Friday, August 4, 2023
Bureau De Change source disclosed that the rate of exchange for one dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1165 and sell at N1170 on Tuesday 31st October 2023.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | N1170 |
| Buying Rate | N1165 |
Today Dollar to Naira Bank Rate/Official Rate
According to Central Bank of Nigeria official website, the Dollar to Naira bank rate is selling at ₦909/$1 and buying at ₦908/$1 as of today, Tuesday 31st October 2023
| Dollar to Naira | Bank Rate/Official Rate Price | |
|---|---|---|
| Buying Rate Today | N908 | |
| Selling Rate Today | N909 |
Factors Influencing Foreign Exchange Rates
- Conditions of Trade
- Speculators
- Government Debt
- Interest Rates
- Inflation Rates
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
