Dollar Hits High in Black Market as Naira Struggles
As of February 17, 2025, the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) in the black market is approximately ₦1,570 per $1.
This rate has remained stable over the past few days, with reports indicating the same rate on February 16, 2025
In contrast, the official exchange rate set by the Central Bank of Nigeria (CBN) is significantly lower, at approximately ₦767.54 per $1.
