As of Sunday, 26th November 2023, the black market exchange rate for the Dollar to Naira in Lagos stands at N1130 for buying and N1140 for selling, according to information gathered from Bureau De Change (BDC) sources.
Note: the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), it has instructed people interested in participating in Forex to approach their own banks.
How Much Is A Dollar To Naira Today In The Black Market?
Dollar to Naira Black Market Rate Today:
- Buying Rate: N1130
- Selling Rate: N1140
Dollar to Naira CBN Rate Today:
- Buying Rate: 805
- Selling Rate: 806
Please be aware that the rates for buying or selling forex may vary from those presented here, as prices are subject to change.
In economic terms, Nigeria’s Gross Domestic Product (GDP) exhibited a 2.54% year-over-year increase in the third quarter of 2023, surpassing the 2.25% recorded in Q2, 2022, and the 2.51% growth in the second quarter of 2023.
According to data released by the National Bureau of Statistics, the services sector played a pivotal role in driving the GDP’s performance during this period, growing by 3.99% and constituting 52.70% of the overall GDP.
