On Tuesday, November 26, 2024, the dollar to naira exchange rate in Lagos’ black market stood at N1740 for buying and N1750 for selling, according to Bureau De Change operators.
In contrast, the Central Bank of Nigeria (CBN) rate remains lower, with a buying rate of N1687 and a selling rate of N1688, though the CBN discourages transactions outside official channels.
As exchange rates fluctuate, prices may differ depending on location and market conditions, reflecting Nigeria’s ongoing economic challenges, including a weak naira and high demand for foreign currency.