Categories: Black Market Rate

Black Market Dollar to Naira Exchange Rate Today, 18th January 2024

The Nigerian Naira exchange rate at the black market continues to fluctuate as market uncertainty deepens across the parallel market. As of January 18th, 2024, the dollar to naira exchange rate is 1 USD to 1315 NGN at the black market.

This means that for every one US dollar, you can exchange it for ₦1315, Investors King reports.

This digital business news platform has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

How Much is Dollar to Naira Today in the Black Market?

This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. However, you can buy and sell 1 USD at ₦1315 and ₦1305 as of the time of writing today.

What is the current exchange rate of the dollar to naira in the black market today?

According to Investors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for ₦1315 and sold for ₦1305.

Exchange Rate of Dollar To Naira in Black Market Today?

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1305
Buying Rate ₦1315

Central Bank of Nigeria (CBN) Naira Exchange Rates for Banks

Investors King

Share
Published by
Investors King

Recent Posts

Three Oil Companies Ask Court To Stop NMDPRA From Seizing Their Petrol Import Licences, Accuse Dangote Refinery of Monopoly

In response to Dangote Refinery N1 billion suit, three oil companies including Matrix Petroleum Services…

24 mins ago

Malaysia’s CNG Ban Sparks Debate in Nigeria as Tinubu Pushes for CNG Adoption

Nigerians on and off social media have expressed concern following a recent decision by the…

28 mins ago

National Grid Collapses Twice in Two Days, Nigerians Express Frustration

The Nigerian National Grid has announced yet another collapse, marking the second occurrence in just…

37 mins ago

President Tinubu Approves Concrete Redesign for Abuja-Kaduna Road Amid Contract Termination

The Federal Government has announced plans to address the difficulties faced by road users on…

42 mins ago

Lagos State Govt Sources Alternative Power Supply as National Grid Collapse for Tenth Time In 9 Months

The persistent blackout caused by the collapse of the country’s National Grid has raised concerns…

50 mins ago

Oando Targets 100,000 Barrels Per Day Production by 2028

Nigerian energy company Oando is targeting a production of 100,000 barrels per day by 2028,…

1 hour ago