Categories: BusinessTop Headline

Black market Dollar to Naira exchange rate today 14th March 2024

Black market dollar to naira Exchange Rate Today 13th March 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 N1600$1 and sell for N1605/$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 14th March 2024

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1600
Selling Rate N1605

The local currency opened at N1603 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 N1605 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 N1600 and sell for N1605 on

Thursday 14th March 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

Super Falcons to face Tunisia, Algeria, and Botswana in WAFCON 2024

Nigeria’s Super Falcons have been placed in Group B for the 2024 Women’s Africa Cup…

17 mins ago

Japa: Russia faces labour shortage, appeals for migrants

Russia is turning to migrants to help address a growing labour shortage caused by its…

41 mins ago

Gunmen abduct family members of former Daily Trust Editor, Demand ₦50m ransom

Three family members of Mallam Ahmed Tahir Ajobe, a former editor at Daily Trust, were…

46 mins ago

Crisis rocks Lagos Celestial Church over N5m renovation donation

The Celestial Church of Christ, Acts of Apostle Parish in Ketu, Alapere, Lagos, has been…

52 mins ago

Tinubu seeks Senate confirmation for Lt. Gen. Oluyede as Chief of Army Staff

President Bola Ahmed Tinubu has formally requested the Senate to confirm the appointment of Lieutenant…

56 mins ago

BREAKING: APC Crisis: Court of Appeal dismisses Moses Agaba’s appeal against Austin Agada

The Court of Appeal in Makurdi, Benue State, on Thursday dismissed an appeal filed by…

17 hours ago