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Dollar (USD) to Naira (NGN) Black Market Exchange Rate Today May 23rd 2024

23/05/20242 minute read
Dollar (USD) to Naira (NGN) Black Market Exchange Rate Today May 23rd 2024

What is the Dollar to Naira Black Market Rate Today?

Kindly note that the exchange rate featured in this article is as volatile as the daily market Dynamics.

 According to some sources at Bureau De Change (BDC), as of today, 23rd May 2024, the black market exchange is sold for N1,510 for one US dollar and bought for N1,490.

Black Market Rate

  • Buying Rate: N1,490 per US Dollar
  • Selling Rate: N1,510 per US Dollar

In comparison to the Dollar to Naira black market exchange rate as of yesterday: After the completion of yesterday’s trading, the Naira currency was being purchased at N1,480 per 1 USD but is sold for N1,510 per 1 USD today, highlighting a 1.99% depreciation in the Naira’s value.

The unpredictability of black market exchange rates has made it even tougher for businesses and investors to budget their finances properly.

US Dollar to Naira Black Market Exchange Rate for Different Denominations.

Today’s black market exchange rates have been clearly broken down below for easy understanding.

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