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Naira Further Depreciates To N1,880/$1 For February 21 Exchange

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Naira dollar exchange for April 20

Despite efforts made by the Federal Government of Nigeria to stabilize the harsh economy, naira is exchanging today, February 21 2024, for 1 US Dollar to 1,880.268 Naira at the parallel market (black market). This means that you can get 1880.268 Naira for every 1 Dollar that you exchange.

This information was disclosed by Naira rates via a tweet on its X official account on Wednesday. See tweet below 👇

Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.

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Factors that affect the Dollar to Naira Black Market Exchange rate include supply and demand for the Dollar; the political and economic situation in US and Nigeria and the value of the US dollar.

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