Categories: Naira

Dollar to Naira Black Market Exchange Rate Today 24th, September 2024

The Nigerian Naira exchange rate to the United States Dollar remained at a record low ahead of the Central Bank of Nigeria (CBN) monetary policy decision scheduled for today and tomorrow.

Forex traders bought the Dollar at N1,665 at the parallel market, popularly known, as the black market and sold at N1,675. The British Pound Sterling (GBP) was acquired at N2,220 and sold at N2,240 as shown in the table below.

Naira (NGN) to Dollar (USD) Black Market Exchange Rate Today

Foreign Currency	Buying rate	Selling rate
DOLLAR ($USD)	N1,665	N1,675
POUNDS STERLING (GBP)	N2,220	N2,240
EURO (EUR)	N1,825	1,845
YUAN (CNY)	N222.28	N222.42

At the official forex segment, the local currency was stronger as it was exchanged at N1,587.34 to a United States Dollar while the GBP was traded at N2,066.56 and N2,067.86, respectively.

CBN Exchange Rate Today

Foreign Currency	Buying rate	Selling rate
DOLLAR ($USD)	N1,587.34	N1,588.34
POUNDS STERLING (GBP)	N2,066.56	N2,067.86
EURO (EUR)	N1,761.32	N1,762.42
YUAN (CNY)	N225.35	N225.49
SAUDI RIYAL (SAR)	N423	N423.29

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.