Black Market Dollar to Naira Exchange Rate on February 16, 2024
Friday 16 February 2024
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The black market witnesses a remarkable increase in the Dollar to Naira exchange rate as of February 16, 2024, reflecting the unpredictable nature of parallel market transactions.
On February 15, 2024, the exchange rate in the Lagos Parallel Market showed players purchasing a dollar for N1,553 and selling at N1,560. However, the latest update for February 16, 2024, indicates a significant rise in the exchange rates.
The current Black Market Dollar to Naira exchange rates stand at N1,580 for buying and N1,600 for selling. This surge is influenced by various factors such as economic conditions, global events, and market speculation. CONTINUE READING.....
It's important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. Individuals involved in forex transactions are directed to approach their respective banks for legitimate transactions.
While these rates offer insight into black market trends, individuals should exercise caution and conduct thorough research before engaging in forex transactions. Prices may vary, and rates captured in this article may differ from real-time transactions.
Please note that Bzglobalservice.com.ng does not determine forex rates, and actual rates may differ due to market fluctuations. Stay informed and make well-informed decisions in the dynamic forex market.
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