Black Market Dollar to Naira Exchange Rate Today - December 2, 2023
Friday 1 December 2023
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In today's assessment of the black market dynamics, the exchange rate for the Dollar to Naira exhibits a buying rate of N1162 and a selling rate of N1165, as observed on December 2, 2023. Conversely, the Central Bank of Nigeria maintains a contrasting stance, setting its buying rate at 941 and the selling rate at 942 on the same date.
It is crucial to underscore that the Central Bank remains firm in its position, not recognizing the parallel market and advising individuals to conduct Forex transactions exclusively through their respective banks. This directive aims to ensure regulatory compliance and stability in the foreign exchange market. CONTINUE READING....
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However, it is imperative to acknowledge that currency exchange rates are susceptible to fluctuations. Potential investors and individuals engaging in forex transactions are strongly urged to exercise caution and stay vigilant. The rates presented in this article are indicative and subject to change. Due to market dynamics, the rates at which individuals buy or sell forex may vary from the figures captured in this report.
For the most accurate and up-to-date information, it is recommended to consult authorized financial institutions and adhere to the regulatory guidelines set forth by the Central Bank of Nigeria. As the economic landscape evolves, staying informed and making informed decisions is paramount in navigating the intricacies of the foreign exchange market. CONTINUE READING.....
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