As of September 14, 2023, the black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) is as follows:
- Buying Rate: N945 NGN per USD
- Selling Rate: N950 NGN per USD
Please note that these rates are subject to change and may vary depending on the specific bureau de change or location. Additionally, the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) for foreign exchange transactions and encourages individuals to approach their respective banks for forex transactions.
Recently, there has been a decrease in the value of the Nigerian Naira against the US Dollar, with the Naira closing at N950 per USD in the parallel market due to forex scarcity and other economic factors.