Dollar to Naira Black Market Exchange Rate Today, November 26, 2023
Sunday 26 November 2023
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In the covert realm of currency exchange, the Lagos Parallel Market remains a hub of financial activity. As of November 26, 2023, the intricate interplay of supply and demand in this shadowy arena is reflected in a purchase rate of N1155 and a sales rate of N1163 for one US dollar. These figures, extracted from Bureau De Change (BDC) sources on Saturday, November 25, 2023, offer a glimpse into the prevailing conditions in the black market.
A notable aspect of this currency narrative is the lack of interest shown by the Central Bank of Nigeria (CBN) in the parallel market. The apex bank explicitly guides individuals seeking involvement in Forex transactions to direct their efforts through established banking institutions. CONTINUE READING....
In sharp contrast, the CBN's official rates present a buying rate of 805 and a selling rate of 806 for the US dollar. However, the ever-changing nature of the foreign exchange market emphasizes that the rates encountered by individuals in their actual buying or selling endeavors may deviate from those meticulously outlined in this report. Market forces and external factors contribute to the dynamic nature of forex rates, underscoring the importance for participants to stay informed about the unfolding economic narrative. CONTINUE READING....
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As we navigate the intricate landscape of Black Market Dollar to Naira dynamics on this day, November 26, 2023, it becomes clear that financial currents are not only influenced by economic policies but are also shaped by the complex interactions of market participants. Stay informed, stay vigilant, as the currency saga continues to unfold.
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