By Okay.ng
The black market exchange rate between the US dollar and the Nigerian naira continues to face volatility as the divergence between the official and parallel market rates persists.
According to the latest update, the black market rate for a 100 dollar to naira exchange today, 16 March 2024 is:
How much is 100 dollars to naira today in the black market?
BUYING RATE:
₦159,500
SELLING RATE:
₦160,800
This means that if you want to buy 100 US dollars on the black market today, you will need to pay 160,800 naira. On the other hand, exchanging 100 dollars in the parallel market currently fetches you 159,500 naira.
NB: These rates may vary slightly depending on the location and the dealer
