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Naira Strengthens: Dollar to Naira Exchange Rate Today

The Nigerian Naira displayed resilience in the parallel market, strengthening to ₦1,150 per dollar on April 13th, 2024, marking a notable increase from ₦1,160 previously. Bureau de change (BDC) operators in Lagos reported buying the greenback at ₦1,110 and selling at ₦1,150, reflecting a profit margin of ₦40.

The Central Bank of Nigeria (CBN) maintains its official rates, with buying and selling rates at ₦1237 and ₦1238 respectively. However, individuals are advised to approach their respective banks for forex transactions, as the CBN does not recognize the parallel market.

Despite market fluctuations, the Naira's recent strength against the dollar highlights positive trends in Nigeria's FX market, with implications for various economic sectors.

https://segunratings.com/BlackMarketExchangeRateToday14thApril2024 👈👈 See More Future Predictions