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What is the black market Dollar to Naira rate today March 25, 2024?
The Eagle reports that the black market Dollar to Naira exchange rate today March 25, 2024 trades at N1480/$ in Lagos and Ibadan. This is according to Aboki currency operators.
At the official Nigerian Autonomous Foreign Exchange Market NAFEM, the local currency closed at ₦1431.49/$1 on Friday.
READ ALSO: Dollar To Naira Rate Today March 19, 2024
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,431.49 per dollar from N1,382.35 per dollar on Thursday, indicating N49.14 depreciation for the naira.
Consequently, the margin between the parallel market rate and NAFEM narrowed to N38.51 per dollar from N97.65 per dollar on Thursday.
