Get the Latest Black Market Dollar to Naira Exchange Rate
Stay informed about the current exchange rates in the parallel market (black market) and know how much you can exchange your dollar for naira.
What is the Current Dollar to Naira Exchange Rate?
Black Market Dollar to Naira Exchange Rate for November 15, 2024
As of Friday, November 15, 2024, the parallel market exchange rate in Lagos shows that black market players are buying a dollar for N1735 and selling at N1740, according to sources at Bureau De Change (BDC).
It is essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and encourages individuals to approach their respective banks for foreign exchange transactions.
Black Market Exchange Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1735 |
| Selling Rate | N1740 |
CBN Exchange Rate Today
| Dollar to Naira (USD to NGN) | CBN Exchange Rate Today |
| Buying Rate | N1657 |
| Selling Rate | N1658 |
Important Note:** The rates you buy or sell forex may vary as prices fluctuate.
The Minister of Industry, Trade, and Investment, Jumoke Oduwole, emphasized the importance of supporting domestic businesses to attract foreign investors. She explained that domestic businesses are the best advertisement for Nigeria’s economy and that a conducive business environment will encourage more foreign investment.
In an interview with Arise TV, Mrs. Oduwole said, “For competitiveness, one of the things that is a priority for me in this new position is to make sure that we retain domestic investment… This has always been one of the sound bites from all the years of PEBEC, that the domestic businesses are the best advertisement for the Nigerian economy and when you can facilitate business and make things easier, regulatory environment, bureaucracy, legislative reforms, judicial reforms, that makes those businesses more comfortable, more productive and they can scale, and then we can fully advertise and beat our chest for foreign direct investment, knowing that they would get a lot of corroboration from the businesses on ground.”
