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.

Leave a Comment
Share
Published by
Samed Olukoya
1 month ago

Recent Posts

FBN Holdings To Invest N103.1bn In Corporate, Retail Businesses

As part of means of actualizing its expectation of raising N150 billion from its existing…

3 hours ago

Agric Industries Take Interest In Unlocking Nigeria’s $10bn Palm Oil Export Potential

Some agric-focused industries and firms have indicated interest in enhancing Nigeria's agricultural productivity and competitiveness…

3 hours ago

Jumia Nigeria Launches Black Friday Offers, Extends Services To Smaller Towns, Villages

Jumia Nigeria has launched its Black Friday deals and offers as consumers in smaller towns…

3 hours ago

Shares Reconstruction: Transcorp Lists Newly Reconstructed 10,161,997,574 Units of Ordinary Shares

Transnational Corporation Plc (Transcorp) has delisted 40,647,990,293 shares from the Nigerian Exchange Limited on Monday…

8 hours ago

Transcorp Gains 314.03% Last Week Despite NGX Closing the Red

Transnational Corporation Plc (Transcorp), Nigeria's largest listed conglomerate, gained N34.70 or 313.03% a share last…

9 hours ago

Nigerian Businesses Face Tougher Times as PMI Drops to 19 Months Low of 46.9

Nigerian businesses continued to face headwinds as the Purchasing Managers Index published by Stanbic IBTC…

10 hours ago