Dollar To Naira Black Market Exchange Rate Today: May 28, 2024

Over the past week, from May 15, 2024, to May 22, 2024, the black market sell rate for the dollar to naira ranged between ₦1,470 and ₦1,560. The average rate during this period was ₦1,516.94.Comparing today’s rate with the average of the past week shows a decrease of 56.94 points, equivalent to a 3.75% fall. This drop reflects a significant appreciation of the Naira against the dollar.Naira Appreciates in Black Market and NAFEM MarketsAccording to data from FMDQ, the indicative exchange rate for NAFEM appreciated to N1,339.33 per dollar from N1,482.81 per dollar last weekend, reflecting a gain of N143.48. As a result, the margin between the parallel market and NAFEM rates increased significantly, widening to N185.67 per dollar from N37.19 per dollar last Friday.Check Today May 24, 2024 Official Black Market Rates Belowhttps://africafactszone.com/dollar-to-naira-black-market-exchange-rate-today-may-28-2024/