Suggestions




·

Black Market Traders Exchange Dollar At N1,428/$

February 24, 2026
by
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

About N43.54 kobo appreciation was recorded in the price for the United States dollar (USD), which surged to N1,428.53 kobo per $1 in the black market on Tuesday, February 24.

The value of the American greenback had increased from the N1,384.99 kobo per dollar recorded on Monday, February 23, after the naira depreciated by 3.14 percent in the parallel market, according to Naira Rates, the black market rate aggregator.

Join our WhatsApp Channel

Also, in the Nigerian foreign exchange market (NFEM), known as the official window, the official dollar rate increased by N6.14 kobo to N1,355.37 kobo per USD.

The official NFEM rate dropped from N1,349.23 kobo per dollar after the value of the Nigerian currency increased by 0.45 percent.

The NFEM rate, which was provided by the Central Bank of Nigeria (CBN), had increased as high as N1,362 per USD, and dropped to a low of N1,351.5 kobo per dollar during trading, before closing at N1,359/$1.

In addition, the pound was traded at N1,904.99 kobo per £1 in the black market, indicating a N55 increase in the value of the British currency, which was N1,849.99 kobo per £1 on Monday.

The same movement was noted in the official window, where the pound appreciated in value to N1,827.59 kobo per £1 from the previous day’s N1,821.19 kobo per £1, indicating a N6.4 kobo increase.

The euro was exchanged at N1,637 per €1 on Tuesday, above the N1,622 per €1 recorded on Monday, representing a N15 increase in the price for the European currency.

Also, the naira depreciated against the euro in the official window, as NFEM traders exchanged the British currency at N1,595.77 kobo per €1, up by N4.94 kobo from N1,590.83 kobo per €1 recorded the day before.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

Previous Story

Biafra and Bad Samaritans

Next Story

Stripe Explores Possible Deal for PayPal as Takeover Speculation Lifts Shares

Featured Stories

Related Posts

Latest from Business

Cape Town Airport  Fire Disrupts International Flights

A fire at Cape Town International Airport on Tuesday caused major disruption to flight operations, forcing the temporary suspension of international departures and the diversion of inbound flights. The blaze, which broke out near the international terminal in the morning, led to
Strong Topline, FX Gain Help Neimeth Return To Profitability

Strong Topline, FX Gain Help Neimeth Return To Profitability

Neimeth International Pharmaceuticals Plc recovered from a 2024 pretax loss following a strong topline growth and return to foreign exchange (FX) gain, which shielded the drugmaker from rising expenses. The pharmaceutical company’s revenue grew by 64.28 percent to N7.36 billion in 2025,
Previous Story

Biafra and Bad Samaritans

Next Story

Stripe Explores Possible Deal for PayPal as Takeover Speculation Lifts Shares

Don't Miss

Meet Anambra’s ‘First Lady-elect’, Nonye Soludo

Anambra state governor-elect Professor Charles Chukwuma Soludo is married to
Africa Needs More Value For Agric Exports

Africa Needs More Value For Agric Exports

Africa, the world’s second-largest and most-populous continent, traverses 20 per