US Dollar to Naira Black Market Rates

Updated on 15:45 14/09/2020

               

Dollar to Naira Exchange Rates

Source	Rate	Change	Date
Black Market	₦ 460.00	1.10%	14/09/2020
CBN	₦ 380.00	0.00%	11/09/2020
BDC	₦ 459.00	0.88%	14/09/2020
Moneygram	₦ 380.09	0.00%	14/09/2020
Western Union	₦ 380.28	0.00%	10/09/2020
FX Market	₦ 381.25	0.00%	11/09/2020
Bank - GTBank	₦ 395.00		11/09/2020

 

 Black Market Review

US Dollar to Naira exchange rate is ₦460 in Nigeria Black Market today, September 14, 2020. US Dollar has been traded at ₦445 when Black Market opened last week on Monday, September 07, 2020. This makes a %3.37 increase for US Dollar rate against Naira since last week.

When we look at the whole month, we see that Dollar rate started September at ₦440 on Tuesday, September 01, 2020. As of today with USD being traded at ₦460, we see a %4.55 increase for Dollar to Naira exchange rates for this September.

Daily Parallel Market Exchange Rate – ₦455/$1

The US dollar stands at ₦455/US$1 in the parallel market

September 14, 2020

By Samuel Oyekanmi

The exchange rate between the naira and the US dollar for today (Monday, September 14th 2020), stands at ₦455/US$1 in the parallel market. The rate had also closed at ₦455/US$1 on Friday, September 11th 2020.

• Naira: ₦455
• Dollar: $1
• Date: September 14th, 2020

The exchange rate between the naira and the British pound sterling stands at ₦575/₤1 on Monday, 14th September, as against ₦565/₤1 recorded on Friday, September 11th 2020.

• Naira: ₦575
• Pounds Sterling: ₤1
• Date: September 14th, 2020

The exchange rate between the naira and the European euro stands at ₦525/€1 on Monday, 14th September 2020. The exchange rate had closed at ₦530/€1 on Friday, September 11th 2020.

• Naira: ₦525
• Euro: €1
• Date: September 14th, 2020

Activity: US Dollar stands at ₦455/US$1 in the parallel market

Date	Currency	Buy(AM)	Sell(AM)	Buy(PM)	Sell(PM)	Volatility
9/14/2020	Dollar	445	455
9/14/2020	Pounds	560	575
9/14/2020	Euro	515	525
9/11/2020	Dollar	450	455	450	455	Low
9/11/2020	Pounds	555	565	555	565	Low
9/11/2020	Euro	525	530	525	530	Low
9/10/2020	Dollar	455	460	455	460	Low
9/10/2020	Pounds	545	560	545	560	Low
9/10/2020	Euro	525	530	525	530	Low
9/9/2020	Dollar	430	440	430	440	Low

Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is a daily tracker and updated close of business. See table below for parallel market exchange rate dating to 2019.