Dollar to Naira Exchange Rate Update for March 24, 2026

On March 24, 2026, the exchange rate for the dollar to naira was reported, highlighting a black market rate of 1,410 naira per dollar. The previous day's rate, on March 23, 2026, showed a swap dollar to naira exchange rate of 1,400 naira.

The article notes that the parallel market, often referred to as the black market, is not acknowledged by banks, indicating a distinction between official and unofficial exchange rates. It is important for individuals engaging in currency exchange to approach banks for transactions rather than relying on the parallel market.