Naira Sinks To 1,800 To Dollar For February 20 Exchange

The naira is exchanging today, February 20 2024, for 1 US Dollar to 1800 Naira at the parallel market (black market) according to traders in Lagos. This means that you can get 1800 Naira for every 1 Dollar that you exchange.

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

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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