What is today’s CBN exchange rate?

    On Friday, the naira experienced a slight decline in the official market, closing at N1630.64 per dollar. This indicates a downward trend, according to data from the FMDQ Exchange, the official trading platform of the Nigerian Autonomous Foreign Exchange Market (NAFEM).

    Specifically, the naira weakens by 2.64kobo from the previous trading rate of N1628.64kobo per 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 RateN1630.64
    Selling RateN1639.64
    dollar to naira cbn exchange rate

    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 N1,575.55 for buying and N1580.00 for selling.

    Dollar to Naira (USD to NGN)Black Market Rate Today
    Buying RateN1650.00
    Selling RateN1630.00
    black market (Aboki dollar rate)) dollar to naira exchange rate

    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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