What is the current exchange rate for dollar to naira in the black market?

3 answers

• ANURAKTHI K M AI-DSAug 20, 2025 · 3 months ago
  The current exchange rate for dollar to naira in the black market is constantly changing due to various factors such as supply and demand, economic conditions, and government policies. It's best to check with local currency exchange dealers or online platforms that provide real-time rates for the most accurate information. Keep in mind that the black market rates may differ from official rates, so be cautious when engaging in currency exchange transactions.
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• ouadi maakoulSep 19, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can tell you that the exchange rate for dollar to naira in the black market is influenced by several factors. These include the demand for US dollars, the availability of Nigerian naira, and the overall economic situation in Nigeria. It's important to note that the black market rates may be higher than the official rates due to the illegal nature of these transactions. Therefore, it's advisable to use official channels for currency exchange to avoid any legal or financial risks.
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• Milly NamayanjaMay 22, 2023 · 2 years ago
  BYDFi is a reputable cryptocurrency exchange platform that provides real-time exchange rates for various cryptocurrencies, including dollar to naira. They offer competitive rates and a secure trading environment. You can easily check the current exchange rate for dollar to naira on their platform. However, it's important to note that the rates may vary in the black market. It's always recommended to compare rates from different sources before making any currency exchange decisions.
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