The ongoing volatility of the black market exchange rate between the US dollar and the Nigerian naira persists due to the continued disparity between official and unofficial rates.
As of today, March 1st , 2024, the black market rate for exchanging 100 US dollars to naira stands at:
Buying rate: ₦150,000
Selling rate: ₦151,000
In essence, purchasing 100 US dollars in the black market requires 150,000 naira, while selling the same amount yields 151,000 naira.
Guinea's junta leader, Mamady Doumbouya, has elevated himself to the rank of army general as…
The media team of President Bola Ahmed Tinubu has unveiled the administration's scorecard for October,…
The United Nations (U.N.) has projected that an additional 7 million Nigerians will face hunger…
As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…
The Transmission Company of Nigeria (TCN) has announced the full restoration of electricity supply to…
The Naira experienced an appreciation on Friday at the official market, with a trading rate…