Black Market Dollar To Naira Exchange Rate Today 5th February 2025 Can Be Accessed Below. .....CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means that…you can buy or sell 1 dollar at a certain rate and the price can change (high or low) within hours.
Newsrain Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.
The local currency (abokiFx) opened at ₦1,570.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 8 February 2025, in Lagos Nigeria, after it closed at ₦1,550.00 per $1 on Friday, 7 February 2025.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Buying Rate of $1 | ₦1,550 |
| Selling Rate of $1 | ₦1,570 |
Please note that Nigeria’s black market dollar-to-naira exchange rate is typically higher than the official exchange rate because the Federal Government does not regulate it. The rates you buy or sell forex may differ from what is captured in this article because prices vary.
What is the official exchange rate for dollar to naira today? Here is the dollar-to-naira CBN rate today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Buying Rate of $1 | ₦1,498 |
| Selling Rate of $1 | ₦1,499 |
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.