Current Black Market Dollar to Naira Exchange Rate
Get the latest black market dollar to naira exchange rate for December 3rd below. You can exchange your dollars for naira at these rates.
What’s the Dollar to Naira Rate Today?
Black Market Dollar to Naira Exchange Rate Today
According to sources at Bureau De Change (BDC), the parallel market (black market) in Lagos is buying dollars at N1725 and selling at N1730 on December 3rd, 2024.
It’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals to approach their respective banks for foreign exchange transactions.
Black Market Dollar to Naira Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1725 |
| Selling Rate | N1730 |
CBN Dollar to Naira Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1662 |
| Selling Rate | N1663 |
Important Note
The rates you buy or sell foreign exchange may vary from what is listed here, as prices can fluctuate.
The Central Bank of Nigeria has issued a warning to financial institutions regarding severe penalties for failing to address the ongoing cash scarcity at Automated Teller Machines (ATMs).
Naijawebinfo reports that the CBN Governor, Olayemi Cardoso, made this announcement during the annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria.
This warning follows widespread reports of cash shortages at both ATMs and bank counters.
In response to the issue, Cardoso stated, “We are aware of the persistent challenges with cash availability at ATMs, which heavily impact everyday Nigerians. To tackle this, we are conducting spot checks on deposit money banks and will penalize institutions that fail to meet expectations.”
He also announced that, effective December 1, 2024, customers experiencing difficulties withdrawing cash at ATMs or bank branches can report such issues directly to the CBN through dedicated phone lines and email addresses provided for each state.
