Black market Dollar to Naira exchange rate today 1st March 2024

The current exchange rate for the dollar to Naira in the black market as of 1st March, 2024, is as follows:

• Buying Rate: N1500 per $1
• Selling Rate: N1510 per $1

Please note that these rates are based on information gathered from black market FX operators. They may vary depending on the transaction type (cash or transfer) and other factors. Generally, individuals may receive a higher rate if they have physical cash to exchange.

It’s important to mention that while the black market sets its own exchange rates, the Central Bank of Nigeria (CBN) does not recognize or endorse these rates. The CBN advises individuals in need of foreign exchange to approach authorized banks, emphasizing the Interbank Foreign Exchange (I&E) window as the official channel for currency exchange.