Dollar to Naira Black Market Rate Today 8th September 2023 can be accessed below.
GoldenNewsNg has obtained the official naira to dollar rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. As of now, Dollar to Naira is ₦922 and sell it at ₦927, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.
LETS GIVE YOU A PROPER BREAKDOWN OF DOLLAR TO NAIRA BLACK MARKET RATE TODAY
On September 8, 2023, sources from Bureau De Change (BDC) confirmed that the exchange rate for the US Dollar to the Nigerian Naira in the Lagos Black Market is N922 for buying and N927 for selling.
Dollars to Naira Today Black Market 08/09/2023
| Dollar ($) | Buying (₦) | Selling (₦) |
| 1 USD | 922 | 927 |
| 2 USD | 1830 | 1850 |
| 5 USD | 4575 | 4625 |
| 10 USD | 9150 | 9250 |
| 15 USD | 13725 | 13875 |
| 20 USD | 18300 | 18500 |
| 25 USD | 22875 | 23125 |
| 50 USD | 45750 | 46250 |
| 100 USD | 91500 | 92500 |
| 500 USD | 457500 | 462500 |
| 1000 USD | 915000 | 925000 |
| 2500 USD | 2287500 | 2312500 |
| 5000 USD | 4575000 | 4625000 |
| 10000 USD | 9150000 | 9250000 |
CBN Official Dollars to Naira Today 08/09/2023
On September 8, 2023, the Central Bank of Nigeria (CBN) exchange rate for the US Dollar to the Nigerian Naira in the Official Market is N753.862 for buying and N754.862 for selling
| Dollar ($) | Buying (₦) | Selling (₦) |
| 1 USD | 753.862 | 754.862 |
| 2 USD | 1507.724 | 1509.724 |
| 5 USD | 3769.31 | 3774.31 |
| 10 USD | 7538.62 | 7548.62 |
| 15 USD | 11307.93 | 11322.93 |
| 20 USD | 15077.24 | 15097.24 |
| 25 USD | 18846.55 | 18871.55 |
| 50 USD | 37693.1 | 37743.1 |
| 100 USD | 75386.2 | 75486.2 |
| 500 USD | 376931 | 377431 |
| 1000 USD | 753862 | 754862 |
| 2500 USD | 1884655 | 1887155 |
| 5000 USD | 3769310 | 3774310 |
| 10000 USD | 7538620 | 7548620 |
CBN governor, Sanusi says naira could hit N1,500 per dollar
Muhammadu Sanusi II, the former Emir of Kano and former governor of the Central Bank of Nigeria, has expressed his concern that if the Central Bank of Nigeria decides to print more naira to address the country’s issues, the value of the naira could potentially drop to N1,500 per dollar.
In a video message addressed to Nigerians, Sanusi raised alarm over the misuse of the financial system by certain leaders. This suggests that he believes increasing the supply of naira without proper economic backing could lead to a significant devaluation of the currency, making it less valuable compared to the US dollar.
It’s important to note that currency devaluation can have various economic consequences, including increased inflation and reduced purchasing power for citizens. Sanusi’s warning highlights the need for responsible economic management to maintain the stability of a country’s currency.