Business

Black market Dollar to Naira exchange rate today 11th April 2024

Black market dollar to naira Exchange Rate Today 11th April 2024 can be accessed below.

This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N1200$1 and sell for N1210/$1. However, they added that the rate could sometimes vary depending on the transaction, cash, or transfer form. that is to say, you will likely get a higher rate if you have physical cash to exchange.

How much is the dollar exchange rate to Naira in the Black Market today?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.

Dollar to Naira exchange rate: Dollar to Naira Black Market Rate Today 11th April 2024

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1200
Selling Rate N1210

The local currency opened at N1210 per $1 at the parallel market otherwise known as the black market today, in Lagos Nigeria.

Even though the dollar to naira opened in the parallel market at N1210 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

IDOMA VOICE reports that in the black market, the players buy a dollar for N1200 and sell for N1210 on

Thursday 11th April 2024.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Why we shut down Banex Plaza in Abuja – Nigerian Army

Following the recent unrest at Banex Plaza in Wuse, Abuja, on Saturday 18 May 2024,…

5 hours ago

Workers remove dozens of suspected Cannabis plants from Wisconsin Capitol garden

An individual's scheme to harvest numerous seemingly marijuana plants cultivated on the grounds of the…

5 hours ago

OPay, Moniepoint, others to resume new customers registration soon – CBN

The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms…

5 hours ago

Abuja: Soldier allegedly slaps woman into coma in Banex Plaza

One of the military personnel stationed at Banex Plaza, a popular phone market in the…

6 hours ago

Apa LGA secretary, Baba Agida ‘Babi Dog’ is dead

The Secretary to Apa Local Government Area of Benue State, Hon. Baba Agida, is dead…

6 hours ago

Seven die from generator fumes in Bayelsa music studio

Seven people were found dead inside a music studio in Bayelsa State on Tuesday after…

6 hours ago