Today’s dollar-to-naira exchange rate in the black market (parallel market) is as follows:
-Buying Rate ₦1650 per dollar
-Selling Rate ₦1660 per dollar
These rates are based on reports from Bureau De Change (BDC) operators in Lagos for Tuesday, 17th September 2024. However, it’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals to use formal banking channels for foreign exchange transactions.
Official CBN Dollar to Naira Rate:
-Buying Rate: ₦1651 per dollar
– Selling Rate: ₦1652 per dollar
Please keep in mind that actual rates may vary slightly depending on where you exchange your money.
Donald Trump Launches New Cryptocurrency Platform
In a separate development, former U.S. President Donald Trump has ventured into the cryptocurrency space with the launch of World Liberty Financial, a new decentralized finance (DeFi) platform. Despite a recent alleged assassination attempt at his West Palm Beach golf club, the launch proceeded as planned on Monday.
World Liberty Financial aims to leverage DeFi technology, allowing users to lend and borrow cryptocurrencies without traditional banks. The platform will focus on stablecoins, which are digital currencies backed by traditional fiat currencies, primarily the U.S. dollar.
Trump Jr. described the project as “the start of a financial revolution,” during the launch event streamed on X.com, highlighting the platform’s ambition to transform the digital finance landscape.
