Dollar to Naira Black Market Rate for 27th August 2024

The black market exchange rate for the US dollar to naira (NGN) on Tuesday, 27th August 2024, is now available.

iexclusivenews -This rate includes information from the Bureau De Change (BDC) and the Central Bank of Nigeria (CBN).

Keep in mind that exchange rates can change rapidly due to supply and demand in the market.

Today, according to BDC sources, in the Lagos Parallel Market (often called the Black Market), a dollar is bought for N1600 and sold for N1615.

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Remember, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market and advises individuals to use their banks for foreign exchange needs.

Note that the rates listed here might differ from what you experience when buying or selling forex, as rates can vary between different sources and locations.