IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦750 and ₦755, note that the price can change (high or low) within hours.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N750 and sell at N755 on Sunday 18th December 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N755 |
Meanwhile, Brand Spur Nigeria reports that the National Bureau of Statistics (NBS) has said the Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased to 21.47 per cent year on year in November.
Compared to 15.40 per cent in the corresponding month of 2021. In a statement on Thursday, the NBS explained that the 6.07 per cent increase in the headline index implies that the general price level was higher in the review month relative to November 2021.
According to the CPI report for November, month-on-month, however, the Headline inflation rate in was 1.39 per cent, which was 0.15 per cent higher than the 1.24 per cent recorded in October.
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