Categories: Business

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.

Ameh Jazzia-Becky

Recent Posts

Tinubu makes fresh appointment

President Bola Ahmed Tinubu has appointed Abdulrazak Yusuf Tukur as the National Commissioner for the…

8 mins ago

AGF completes legal steps to free minors detained in #EndBadGovernance protests

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has completed…

12 mins ago

I won’t attack Peter Obi, but truth must prevail – Doyin Okupe

Former presidential spokesperson Doyin Okupe has stated he would never disparage Peter Obi, the 2023…

22 mins ago

Content creation is so lucrative, I could buy four Lamborghinis – Josh2Funny

Nigerian skit maker Chibuike Josh Alfred, better known as Josh2Funny, has stated the lucrative nature…

24 mins ago

Petrol price hike: Focus on competition not monopolistic control – PETROAN challenges Dangote

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of…

26 mins ago

Black Market Dollar to Naira Exchange Rate Today 5th November 2024

The black market dollar to naira exchange rate for today, 5th November 2024, can be…

30 mins ago