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HomeBusiness‎Dollar Hits High in Black Market as Naira Struggles

‎Dollar Hits High in Black Market as Naira Struggles

‎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.

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