Dollar to Naira Today Black Market 25 Sept 2023
As of September 25, 2023, the exchange rate for the US dollar to the Nigerian naira is subject to frequent changes due to fluctuations in supply and demand. It’s important to note that this rate can vary significantly within a short span of time.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N985 |
| Selling Rate | N995 |
Although the unofficial market (black market) opened at ₦995 per $1 on this day, it’s worth mentioning that the Central Bank of Nigeria (CBN) does not officially recognize this market. The CBN advises individuals seeking foreign exchange to go through their respective banks and utilize the I&E window for legitimate currency exchange.
In the black market, traders are buying dollars for ₦985 and selling them for ₦995 on September 25, 2023, which follows the same rates as the previous day, September 24, 2023. It’s noteworthy that the US dollar began the week at ₦995 in the black market, compared to ₦965 the previous week on September 18, 2023.