What is today’s CBN exchange rate?
The Central Bank of Nigeria (CBN) exchange rate for the U.S. dollar to the Nigerian naira is currently at approximately ₦1,598.27 per $1. This rate is effective as of today, September 3, 2024.
The value of the U.S. dollar increased by 11.5 kobo compared to the previous day. On September 2, 2024, the Central Bank of Nigeria (CBN) set the exchange rate for the U.S. dollar to the Nigerian naira at approximately ₦1,585.77.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Buying Rate | N1598.27 |
| Selling Rate | N1580.79 |
Black Market Exchange Rate Today
The black market exchange rate for the Nigerian naira to the US dollar can fluctuate daily and is not officially recognized by the Central Bank of Nigeria. However, based on recent reports, the black market rate for the naira to the dollar is currently around ₦1,635 per $1. Please note that this figure may vary, and it’s always recommended to check with reliable sources or local currency exchange services for the most accurate and up-to-date rates.
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | N1,575.55 |
| Selling Rate | N1580.00 |
Notice Please be aware that the Central Bank of Nigeria (CBN) does not officially acknowledge or support the foreign exchange rates found in the parallel market, often referred to as the black market. If you need to exchange foreign currency, the CBN recommends conducting these transactions through your designated bank.
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