ZAR/NGN
S. African Rand to Naira Black Market Rate Today
Live S. African Rand to Nigerian Naira exchange rate. Black market BDC rate cross-rated from USD and official rate from the Central Bank of Nigeria.
Price history
Parallel market sell rate · daily close
ZAR/NGN Rate: Last 30 Days
S. African Rand to Naira black market rate: key facts
As of 4 May, 8:28 pm WAT, BDC operators are buying ZAR at ₦83.21 and selling at ₦84.49. The spread (the difference between buy and sell) is ₦1.28 per ZAR. The official CBN rate for ZAR/NGN is ₦82.89.
How the ZAR/NGN black market rate is calculated
Nigeria's informal FX market is anchored to the US dollar. To price ZAR in naira, BDC operators take the USD/NGN parallel rate and apply the live ZAR/USD global cross-rate. This rate updates every 30 minutes on AbokiFx.
Official CBN rate vs black market rate for ZAR
The CBN publishes an official rate for ZAR/NGN through the NAFEM window for regulated transactions. The black market rate is typically higher because official supply cannot meet demand. Today the gap between the two is approximately ₦2 per ZAR.
