As of December 26, 2023, the exchange rate for the US dollar to Nigerian naira in the black market, also known as the parallel market, was reported as follows:InformationGuideNigeria

• The buying rate for the US dollar was N1210. This is the rate at which black market dealers are purchasing the US dollar.NYSC Portal
• The selling rate for the US dollar was N1220. This is the rate at which they are selling the US dollar to their customers.JAMB Result

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It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). The CBN advises individuals requiring foreign exchange to approach their respective banks.

Also, keep in mind that the rates in the parallel market can vary significantly and may differ from one dealer to another and from one location to another.JAMB Portal

These rates are subject to fluctuation based on market dynamics and other economic factors.

Check JAMB Result

Check and Confirm: How much is Dollar to Naira