100 Dollars to Naira Black Market Exchange Rate Today 7th March 2024. This article is all about the current exchange rate of our local currency against dollar ($).
How much is 100 dollars to naira today in the black market?
Today 7th of March 2024 the exchange rate of $100 against naira is
- Buying rate: 160,000 naira which 1 dollar cost 1,600 naira
- Selling rate: 161,000 naira which 1 dollar is 1,610 naira
This actually means that if you are going to buy $100 you are going to pay 160,000 naira while if you are going to exchange by selling your $100 you are going to get 161,000 naira.
Take note
The rate of dollar vary depend on the vendor you are getting your dollar from or selling your dollar to. And also dollar operate with denomination, the rate of $100 and the exchange rate of $1 are not the same.
CBN Rate
The current price of dollar in Central Bank Of Nigeria (CBN) pegs the 100 dollars to naira exchange at 88,689 naira. This official rate is what is applicable for CBN interventions and transactions.
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