Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th April 2024

Black Market Business Dollar Naira
typicalnaija
April 29, 2024
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71
4 minutes read

Amid the CBN approach to the dollar rate against Naira, it has soared to a new figure as it breached N1400.

You are meant to digest that the Central Bank of Nigeria (CBN) doesn’t recognize the parallel market ‘Black Market’

Also, forex traders who want to trade forex should link up with their respective banks.

The dollar to Naira exchange rate as of today, 29th April 2024 in the Lagos Parallel market (Black market) buys at N1380 and sells at N1400 transaction rates according to Beaurau D Change.

How much is a dollar to naira today in the black market?

Check out Dollar to Naira Black Market Exchange rate today (Aboki Dollar Rate) below.

Currency	Buying Rate	Selling Rate
USD	₦1,380.00	₦1,400.00

CBN’s dominant effort to retain Naira value remains constant as BDC operators have remained committed to their order failing to breach 1.5% profit and buying at the rate of ₦1,021 per dollar.

This has so far prevented inflation recessive range as the favor falls to the consumers needing to transact in foreign exchange.

Inflation

The inflation rate against yesterday’s effect and reports are still at the peak of elevation as merchandisers are still stocked in the market chart of their supposed deals.

They are yet to meet up with their stock expenditure leading to a complete torn of high price tags.

However, there has been improvement as petrol sold at the high cost of N900 per liter fell to a considerable price of N700 per liter while 30 kg of Rice sold at N80k per bag fell to N77k per bag.