As of September 30, 2024, the black market exchange rate for the Nigerian Naira (NGN) against the US Dollar (USD) is as follows:
- Buying Rate: ₦1,690 per USD
- Selling Rate: ₦1,700 per USD
These rates indicate that if you are purchasing dollars, you would pay ₦1,690 for each dollar, while selling dollars would yield ₦1,700 for each dollar exchanged
Here are the black market exchange rates for the Nigerian Naira (NGN) against various currencies as of September 30, 2024:
| Currency | Buying Rate (NGN) | Selling Rate (NGN) |
|---|---|---|
| USD | 1679 | 1690 |
| EUR | 1835 | 1835 |
| GBP | N/A | N/A |
| CAD | 1224 | 1224 |
- USD: The buying rate is ₦1679 and the selling rate is ₦1690.
- EUR: Both the buying and selling rates are ₦1835.
- GBP: Rates are currently not available.
- CAD: The buying and selling rates are both ₦1224.
These rates reflect the current market conditions and may vary based on demand and supply dynamics in the black market.
It’s important to note that black market rates can fluctuate frequently due to various factors such as supply and demand, economic conditions, and government policies. Always ensure to engage with reputable dealers when conducting currency exchanges in the black market to avoid scams.
