GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Black Market Naira to Dollar Exchange Rate Today 13th March 2024

Enudi Golden by Enudi Golden
March 13, 2024
in business, Headline, News
Reading Time: 2 mins read
Dollar to Naira Today Black Market 21 June 2024- Aboki Forex Rate
149
SHARES
Advertisements

Black Market Naira to Dollar Exchange Rate Today 13th March 2024 can be accessed below..

Stay updated on the latest black market exchange rates between the Nigerian Naira and the US Dollar. Find out the current buying and selling rates for today, 13th March 2024, and understand how it compares to the official exchange rate.

13th March 2024, Nigeria: The black market exchange rates for the Nigerian Naira against the US Dollar on 13th March 2024 are as follows:

READ ALSO

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

  • Buying Rate: ₦1,600.00 per US dollar
  • Selling Rate: ₦1,603.00 per US dollar

The black market, also known as the parallel market, operates unofficially where foreign currencies are traded at rates independent of the Central Bank of Nigeria’s (CBN) official exchange rate.

This market serves individuals and businesses encountering difficulty accessing the official market due to various factors like scarcity, restrictions, or regulatory hurdles.

The black market’s exchange rate fluctuates daily, responding to factors such as currency supply and demand dynamics, inflation rates, political stability, and economic policies.

As of today, the black market exchange rate indicates a weaker position of the Naira against the US Dollar, with the buying rate at ₦1,600.00 per dollar and the selling rate at ₦1,603.00 per dollar.

Please note that these rates might slightly differ based on location and dealer preferences.

Comparison with Official Rate:

Today’s official exchange rate, as set by the CBN, stands at ₦1,492.67 per US dollar. This official rate serves as the benchmark for various financial transactions and interventions by the Central Bank.

The difference between the black market rate and the official rate, termed as the parallel market premium, highlights the divergence between official and unofficial markets. This premium reflects market sentiments towards the Naira and confidence in CBN’s monetary policies.

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

SERAP Set to Sue Nigerian Senate Over Unlawful Suspension Of Senator Ningi

Next Post

How to Instantly Convert Your Dollar to Naira on GTBank Online – See GTBank Exchange Rate

Related Posts

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

Federal Government has ordered all Nigerian banks to Flag Accounts with Monthly Transactions Over ₦5 million GoldenNewsNg reports that Nigerian...

Read moreDetails

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB has Awarded ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices GoldenNewsNg reports that the Joint Admissions and...

Read moreDetails

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

JAMB Cut Off Mark for Civil Engineering

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities    If you’re planning to study Civil Engineering in...

Read moreDetails

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

NELFUND Begins Disbursement of Funds

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED GoldenNewsNg reports that the Federal Government has announced...

Read moreDetails

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off mark for Medicine and Surgery 2025/2026   If you’re planning to study Medicine and Surgery in...

Read moreDetails

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

JAMB Cut Off Mark For Computer Science

JAMB Cut Off Mark For Computer Science 2025: Requirements And Admission Tips   Are you aiming to study Computer Science...

Read moreDetails

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

JAMB Cut Off Mark For Law in Nigerian Universities 2025 Are you planning to study Law in a Nigerian university...

Read moreDetails

Official JAMB Cut-off Marks for 2025 Admissions Released

Official JAMB Cut-off Marks for 2025 Admissions Released

JAMB has officially released the Cut-off Marks for 2025 Admissions  GoldenNewsNg reports that JAMB has announced 2025/2026 academic session admission...

Read moreDetails

YEIDEP Disbursement News Today July 8th 2025

YEIDEP Disbursement News Today July 8th 2025

This is the latest YEIDEP Disbursement News Today, July 8th, 2025 The Federal Ministry of Youth Development (FMYD) has released...

Read moreDetails

Apply Now: 2025 FG Technical Teachers Training (Fully Funded)

Apply Now: 2025 FG Technical Teachers Training (Fully Funded)

If you’re a teacher in the technical or vocational space and looking to upgrade your skills without paying a dime,...

Read moreDetails
Load More
Next Post
How to Instantly Convert Your Dollar to Naira on GTBank Online - See GTBank Exchange Rate

How to Instantly Convert Your Dollar to Naira on GTBank Online - See GTBank Exchange Rate

SEARCH ADS

Latest Posts

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million
business

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices
Education

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Cut Off Mark for Civil Engineering
Education

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

NELFUND Begins Disbursement of Funds
Education

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities
Education

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

JAMB Cut Off Mark For Computer Science
Daily Guides

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025
Education

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

Official JAMB Cut-off Marks for 2025 Admissions Released
Education

Official JAMB Cut-off Marks for 2025 Admissions Released

YEIDEP Disbursement News Today July 8th 2025
Headline

YEIDEP Disbursement News Today July 8th 2025

Apply Now: 2025 FG Technical Teachers Training (Fully Funded)
Headline

Apply Now: 2025 FG Technical Teachers Training (Fully Funded)

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News