Black Market Exchange Rates for 20th February 2024

Black Market Exchange Rates for 20th February 2024

Spread the love

Find below the latest black market exchange rates for the dollar to naira as of 19th February. You can exchange your dollar for naira at these rates.

What is the current dollar to naira exchange rate in the black market? Black market exchange rate for dollar to naira (Aboki dollar rate): In the Lagos Parallel Market (Black Market), traders buy a dollar for N1700 and sell at N1710 as of Monday, 19th February 2024, according to information from Bureau De Change (BDC) sources.

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals interested in Forex transactions to contact their respective banks.

Black Market Exchange Rate Today USD to NGN (Dollar to Naira) Black Market Exchange Rate Today Buying Rate N1700 Selling Rate N1710

CBN Exchange Rate Today USD to NGN (Dollar to Naira) CBN Exchange Rate Today Buying Rate 1536 Selling Rate 1537

Please bear in mind that the forex rates for buying or selling may differ from those reported in this article due to market fluctuations.

Naira Plunges to N2,000/£1 at the Parallel Market The Nigerian naira has hit a new low, surpassing 2,000 naira against the British pound in the parallel market.

This information was confirmed by a Bureau de Change operator in Wuse Zone 4, Malam Ibrahim, during a conversation with Punch.

He attributed the significant depreciation of the currency to persistent high demand.

“Yes, it’s accurate. Currently, we are selling the pound for over N2,000, and this is largely due to the continuous and substantial demand for these currencies,” he stated on Monday.

This recent decline from N1,930 recorded on Saturday represents a historic low for the naira’s performance against the pound.

Similarly, the naira has experienced a depreciation against the dollar, now being traded at N1,673 in the parallel forex market, down from N1,670/$ on Friday.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *