As of February 5th, 2024, the Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX), is as follows:
– Buying Rate: N1440
– Selling Rate: N1450
It’s important to note that these rates are provided by sources at Bureau De Change (BDC) and may vary. Additionally, the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, directing individuals to approach their respective banks for foreign exchange transactions.
For comparison, the CBN official rates for Dollar to Naira on the same date are:
– Buying Rate: N1367
– Selling Rate: N1368
Keep in mind that forex rates can fluctuate, and the rates you encounter may differ based on various factors, including market conditions and location.