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Where can I find reliable information about the naira to dollar exchange rate in the black market?

avatarSherryDec 27, 2021 · 3 years ago3 answers

I'm looking for a trustworthy source to find the current exchange rate between the Nigerian naira and the US dollar in the black market. Can anyone recommend a reliable platform or website where I can get accurate information about this exchange rate?

Where can I find reliable information about the naira to dollar exchange rate in the black market?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Finding reliable information about the naira to dollar exchange rate in the black market can be a challenge. However, there are a few platforms and websites that you can check for accurate rates. One popular option is LocalBitcoins, where you can find individuals who are willing to buy or sell bitcoins using naira. These individuals often have access to the black market exchange rates and can provide you with the information you need. Another option is to join online forums or communities that discuss cryptocurrency trading in Nigeria. Members of these communities often share their experiences and knowledge about the black market exchange rates. Just keep in mind that the information shared in these forums may not always be accurate, so it's important to cross-check the rates with other sources as well.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for reliable information about the naira to dollar exchange rate in the black market, you can try checking with local money changers or forex bureaus in Nigeria. These establishments often have access to the current rates and can provide you with accurate information. Another option is to follow reputable financial news websites or blogs that cover the Nigerian economy. These sources often provide updates on the exchange rates and can help you stay informed. Additionally, some cryptocurrency exchanges also provide information about the black market exchange rates. You can check their websites or contact their customer support for more details.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we understand the importance of finding reliable information about the naira to dollar exchange rate in the black market. While we don't provide specific information about black market rates, we recommend using trusted sources such as reputable financial news websites, forex bureaus, or local money changers. It's important to be cautious when dealing with the black market, as rates can vary and there is a risk of fraud. Always do your research and consider multiple sources before making any decisions.