Latest Dollar to Naira Exchange Rates – Black Market vs. CBN Rates on 24th February 2024

In the dynamic world of currency exchange, it's crucial to stay informed about the latest Dollar to Naira rates. As of today, 24th February 2024, we bring you the up-to-the-minute figures from both the Black Market and the Central Bank of Nigeria (CBN).

Black Market Exchange Rate:

- Buying Rate: N1750

- Selling Rate: N1800

In the bustling streets of Lagos Parallel Market, currency players are trading a dollar for N1750 and selling at N1800. It's essential to note that these rates are from sources at Bureau De Change (BDC) as of Friday, 23rd February 2024. The Black Market, although widely utilized, is not officially recognized by the Central Bank of Nigeria (CBN). CONTINUE READING.....

CBN Rate:

- Buying Rate: 1488

- Selling Rate: 1489

Contrastingly, the CBN, the regulatory authority in forex matters, provides different rates. As of today, the buying rate stands at 1488 Naira, while the selling rate is slightly higher at 1489 Naira. It's important to highlight that the CBN does not endorse or recognize the Black Market, urging individuals to engage in forex transactions through their respective banks. CONTINUE READING.....

Please bear in mind that these rates are subject to fluctuations, and the prices at which you buy or sell forex may differ from those captured in this article due to market variations.

Stay informed, stay savvy in navigating the currency exchange landscape!

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