Dollar to Naira Black Market Exchange Rate Today, 1 December, 2023
Thursday 30 November 2023
Comment
As of December 1, 2023, the black market continues to be a significant influencer in establishing the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN). Despite the Central Bank of Nigeria's (CBN) non-recognition of the parallel market, it maintains its role in the foreign exchange landscape.
Current Rates:
- Buying Rate: N1160
- Selling Rate: N1165
Details:
On this date, the black market players are reported to buy a dollar for N1160 and sell at N1165. These rates exemplify the ongoing dynamics in the parallel market, often serving as a reference point for certain individuals and businesses. CONTINUE READING........
Comparison with CBN Rates:
It is important to note the substantial difference between the rates obtained from the black market and those set by the Central Bank of Nigeria (CBN). Despite the CBN's directive for individuals to engage in Forex transactions through their respective banks, the black market rates persist as a crucial benchmark.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.đ
https://play.google.com/store/apps/details?id=bzdata.sell.topup
Variability Warning:
Potential forex traders should be cognizant that the rates provided in this article are subject to change. Given the inherent variability, the rates at which individuals buy or sell forex may deviate from those captured here. CONTINUE READING.......
In conclusion, the black market maintains its prominence in determining the exchange rate between the USD and NGN, indicating a buying rate of N1160 and a selling rate of N1165 as of December 1, 2023.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.đ
https://play.google.com/store/apps/details?id=bzdata.sell.topup
Join Our Whatsapp Group
https://www.bzglobalservice.com.ng/p/join-our-groups-whtasapp-now-to-get-any.html
Our WhatsApp Channel
https://whatsapp.com/channel/0029Va4hi718vd1Mifphp11s
Our Facebook Page
Our Android App
0 Response to "Dollar to Naira Black Market Exchange Rate Today, 1 December, 2023"
Post a Comment
Tell us what you think about this article?