Dollar to Naira Black Market Exchange Rate Today 2nd May 2024

02/05/2024•51 second read

Dollar to Naira Black Market Exchange Rate Today 2nd May 2024

Advertisements

The official exchange rate of the US dollar to the Nigerian naira, as of today, 2nd May 2024, is ₦1,380 per US dollar. The black market offers a slightly lower rate than the official market.

Comparison to Yesterday’s Rate: The Naira has exhibited stability in the official and parallel markets.

Related Articles:

The Nigerian Naira had begun the week trading at ₦1,165 and ₦3,330 per US dollar at the official and black markets, respectively. However, the naira started the week trading at ₦1,419 in the investor’s and Exporters’ window. This is the rate that the CBN uses for its transactions and interventions in the foreign exchange market. The official rate is also the basis for the exchange rates of other foreign currencies. However, it remains to be seen if the naira will maintain its stability or gain some ground against the dollar.

1 Comment

This Post Has One Comment

S John says:

04/05/2024 at 9:37 pm

The official exchange rate of the US dollar to the Nigerian naira, as of today, 4th May 2024, is ₦1,400 per US dollar. The black market offers a higher buying rate of ₦1,380 per US Dollar.

Reply