The black market exchange rate for the Dollar to Naira (USD to NGN) on September 12, 2025, reveals significant fluctuations in currency trading. According to sources at Bureau De Change (BDC), the buying rate for the Dollar stands at ₦1520, while the selling rate is ₦1514.
In contrast, the Central Bank of Nigeria (CBN) has set its official rates, with the highest rate at ₦1503 and the lowest at ₦1501. It is important to note that the CBN does not recognize the parallel market and advises individuals seeking to engage in foreign exchange to approach their banks.
As the forex market is highly volatile, the rates mentioned may differ from actual transactions.
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