Wondering about the Today Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki fx)? Check out the rates for 1st February below, where you can exchange your dollar for Naira.
Dollar to naira exchange rate today
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) shows players buying a dollar for N1450 and selling at N1500 on Thursday 1st February 2024, according to sources at Bureau De Change (BDC).
Keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), directing those who wish 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 | N1460 |
| Selling Rate | N1470 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 888 |
| Selling Rate | 889 |
Dollar to Naira Black Market Rate Today (USD to NGN)
Buying Rate: N1450
Selling Rate: N1500
Dollar to Naira CBN Rate Today (USD to NGN)
Buying Rate: 1356
Selling Rate: 1357
Please note that the rates you buy or sell forex may differ from those captured in this article due to varying prices.
‘We Are Not Selling Dollars To Nigerians Today’ – BDC Operators Shut Down Market
On 1st February 2024, the Association of Bureau De Change (BDC) Operators decided not to open the market for transactions.
BDC operators will not be selling US Dollars to customers today due to the continued slide in the value of the naira against the dollar.
The Union expressed concerns that its members are unfairly blamed for the persistent fall in the value of the naira.
Therefore, BDC operators adopted a ‘no sales policy’ today to address the naira’s depreciation. They plan to resume operations tomorrow with an expected rate lower than N1,400/$, according to a source in the BDC.
