What is the black market exchange rate for Nigerian naira (NGN)?

As of today, Tuesday, December 31, 2024, the black market exchange rate for the Nigerian Naira (NGN) against the Canadian Dollar (CAD) is as follows: 1 US Dollar (1$) to Naira is ₦1270. 5 Canadina Dolar (CAD) ($5) to Naira is ₦6350. 10 Canadina Dolar (CAD) ($10) to Naira is ₦12700. 20 Canadina Dolar (CAD) ($20) to Naira is ₦25400.

What is the average dollar to Naira black market sell rate?

For the last 7 days, between 10/11/2024 and 16/11/2024, Dollar to Naira black market sell rate took values between ₦1700 and ₦1745 with an average of ₦1,736.50. When we compare today’s (18/11/2024) values with the last 7 days, average Dollar to Naira rate had a 7.5 points increase from ₦1,736.50 to ₦1,744.00 which corresponds to a 0.43% rise.

Is the black market exchange rate system still relevant in Nigeria?

As far as the above factors continue to exist, then the black market exchange rate system is still relevant to all residence in Nigeria for converting Dollar to Naira.