Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 25th April 2024

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Chinenye Saturday, 4 May 2024, 9:53 am

As the Central Bank of Nigeria (CBN) is putting in incredible effort to restore the value of Naira, the rate improved just barely.

In a recent flow, CBN made an effort as Naira depreciated against Dollar. This came shortly after CBN added to the growth by selling more Dollars to Bureau De Change operators.

Their plan is marking a close range to N1,021 per Dollar selling rate as disclosed by Punch. CBN also authorized buyers and operators not to breach 1.5 percent profit while selling off dollars to their other operators to assist in controlling the diminishment of Dollar against Naira.

Today marked Wednesday, 24th April 2024, Dollar to Naira rate at the Lagos parallel market (Black market) transacts at N1,380 buying rate and N1,420 selling rate as disclosed by Bureau De Change (BDC).

How much is a dollar to naira today in the black market?

Check out Dollar to Naira Black Market Exchange rate today (Aboki Dollar Rate) below.

Currency	Buying Rate	Selling Rate
USD	₦1,380.00	₦1,420.00

CBN offered a decline of N65 from the previous rate of 1,169.99/$1 and this in the exchange rate can have vital implications for trade and economic stability.

Inflation Rate

The inflation rate against yesterday’s effect and reports are still at the peak of elevation as merchandisers are still stocked in the market chart of their supposed deals.

They are yet to meet up with their stock expenditure leading to a complete torn of high price tags.

However, there has been improvement as petrol sold at the high cost of N900 per liter fell to a considerable price of N700 per liter while 30 kg of Rice sold at N80k per bag fell to N77k per bag.