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 19 Jun, 0:44 am WAT, BDC operators are buying ZAR at ₦85.65 and selling at ₦86.78. The spread (the difference between buy and sell) is ₦1.13 per ZAR. The official CBN rate for ZAR/NGN is ₦83.46.
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 ₦3 per ZAR.