Dollar to Naira Black Market Exchange Rate February 14th, 2024
Tuesday 13 February 2024
Comment
As the nation celebrates Valentine's Day, the spotlight is on the ever-changing Dollar to Naira exchange rates in the black market. Today, on February 14th, 2024, individuals seeking to swap their dollars for Naira can observe the current rates in this dynamic financial landscape.
The black market Dollar to Naira exchange rate on Valentine's Day is as follows: players in the Lagos Parallel Market are buying a dollar for N1525 and selling at N1532, according to reports from Bureau De Change (BDC) sources on Tuesday, 13th February 2024. This slight shift in rates emphasizes the ongoing fluctuations in the foreign exchange market. CONTINUE READING.....
Despite the prevalence of the black market, it's important to note that the Central Bank of Nigeria (CBN) does not officially recognize this parallel market. The CBN encourages individuals engaged in forex transactions to approach their respective banks, reinforcing the regulatory guidance.
Advertisment:
*Bz Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Bz Data Sell* on Play store.đ
For a broader perspective, let's compare the black market rates with the CBN rates today:
- Black Market Rates:
- Buying Rate: N1525
- Selling Rate: N1532
- CBN Rates:
- Buying Rate: 1533
- Selling Rate: 1534
The dichotomy between the black market and CBN rates further highlights the nuanced nature of the forex landscape. Individuals navigating these rates should remain vigilant and consider various factors influencing the market. CONTINUE READING.....
In conclusion, as Nigerians celebrate love on Valentine's Day, the black market exchange rates play a role in shaping financial decisions. Stay informed, exercise caution, and consider expert advice as you navigate the intricacies of the Dollar to Naira exchange on this special day.
Advertisment:
*Bz Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Bz Data Sell* on Play store.đ
https://play.google.com/store/apps/details?id=bz.datasell
Join Our Whatsapp Group đ
Our WhatsApp Channel đ
Our Facebook Page đ
Our Android App đ
0 Response to "Dollar to Naira Black Market Exchange Rate February 14th, 2024"
Post a Comment
Tell us what you think about this article?