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HomeBusiness NewsBlack Market Dollar to Naira Exchange Rate - December 9th, 2023

Black Market Dollar to Naira Exchange Rate – December 9th, 2023

What’s the black market (parallel market) Dollar to Naira exchange rate today?

Here’s the Black Market Dollar to Naira exchange rate for Friday, December 8th, 2023:

  • Buying rate: N1180
  • Selling rate: N1190

This means you can exchange your dollars for Naira at these rates at Lagos parallel market (black market) dealers.

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Important note: The Central Bank of Nigeria (CBN) doesn’t recognize the black market and advises individuals seeking foreign currency to contact their banks.

Dollar to Naira Black Market Rate Today:

CurrencyBuying RateSelling Rate
Dollar to NairaN1180N1190
Black Market Rate Summary

CBN Rate for Comparison:

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CurrencyBuying RateSelling Rate
Dollar to NairaN886N887
CBN currency exchange rate

Please be informed: The actual rates you get may differ due to price variations.

Other Exchange Rate Currency News:

  • Federal Government Increases Cargo Clearance Exchange Rate to N952/: TheCBN, on behalf of the government,hasraisedtheexchangerateforcargoclearancefromN783/ to N952/$. This is the second increase in three weeks.
  • ANLCA Advises Caution Due to Rate Fluctuations: The Association of Nigerian Licensed Customs Agents is urging caution due to the recent increase and advises customs brokers to guide importers accordingly.
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Industry Concerns: Frequent changes in customs duty exchange rates are creating concerns about volatility and instability in import and export trade…[CONTINUE READING HERE]>>

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