The Dollar to Naira exchange rate in the black market on Thursday, 12th December 2024, is quoted at N1670 for buying and N1680 for selling. This comes as the parallel market remains a popular but unregulated space for foreign exchange transactions in Nigeria.
While the Central Bank of Nigeria (CBN) does not recognize the black market, advising individuals to transact through banks for official rates, these market figures continue to fluctuate. The exchange rate can vary depending on the location and the Bureau De Change (BDC) operators involved.