Current Black Market Dollar to Naira Exchange Rate
Get the latest black market dollar to naira exchange rate for November 23rd, 2024, and swap your dollars for naira at these rates.
Today’s Dollar to Naira Exchange Rate in the Parallel Market
Black Market Dollar to Naira Exchange Rate
According to sources at Bureau De Change (BDC), the parallel market players are buying a dollar for N1748 and selling at N1750 on Saturday, November 23rd, 2024. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, as it has directed individuals who want to engage in foreign exchange to approach their respective banks.
Black Market Dollar to Naira Exchange Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1748 |
| Selling Rate | N1750 |
CBN Dollar to Naira Exchange Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1664 |
| Selling Rate | N1665 |
Important Note
The rates you buy or sell foreign exchange may vary from what is captured in this article, as prices can fluctuate.
The National Bureau of Statistics (NBS) has released a report highlighting the average retail price for a 12.5kg cylinder of liquefied petroleum gas (LPG), commonly known as cooking gas, in October 2024. The South-South geopolitical zone recorded the highest average retail price, with a sharp year-on-year increase of 58.68%.
The NBS report showed that the average retail price for refilling a 12.5kg cylinder of LPG increased by 2.58% on a month-on-month basis from ₦16,313.43 in September 2024 to ₦16,734.55 in October 2024. On a year-on-year basis, this rose by 58.68% from ₦10,545.87 in October 2023.
The report also analyzed the prices by state, with Rivers recording the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas, followed by Osun and Benue. Conversely, the lowest average price was recorded in Katsina, followed by Nassarawa and Adamawa.
The analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas), followed by the South-East, while the North-Central recorded the lowest price.
