What is today’s CBN exchange rate?
Today Thursday, the naira experienced a slight decrease in the official market, closing at N1547 per dollar. This indicates a naira downtrend, according to data from the FMDQ Exchange, the official trading platform of the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Specifically, the naira loose its value by 30 naira from the previous trading rate of N1517per dollar observed on Friday(last week). Despite the unfavorable movement in exchange rates, the volume of traded currency saw a significant decline.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Buying Rate | N1547 |
| Selling Rate | N1557 |
Black Market Exchange Rate Today
Current black market dollar to naira conversion rate (Aboki dollar rate): According to sources at Bureau De Change (BDC), the exchange rate for a dollar to naira in the Lagos Parallel Market (Black Market) stands at N1,560.00 for buying and N1580.00 for selling.
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | N1580.00 |
| Selling Rate | N1590.00 |
Notice: It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) rates. The CBN has instructed individuals who wish to engage in foreign exchange transactions to do so through their respective banks.
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