Black Market Rates Today:
Lagos Market:
Buying Rate: N1100/$1
Selling Rate: N1150/$1
Notes:
* These rates are based on information from black market FX operators.
* Rates may vary depending on the transaction type (cash or transfer).
* Physical cash transactions typically yield higher exchange rates.
Additional Information:
* The Central Bank of Nigeria (CBN) does not recognize the black market exchange rate.
* The CBN directs individuals seeking foreign exchange to approach their banks.
* The official exchange rate is determined through the Investor and Exporter (I&E) window. CONTINUE READING
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