Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 20 December 2022

Advertisement
Advertisement

Black market dollar to naira exchange rate for today 20 December 2022, Aboki dollar rate can be accessed below.

 

 

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦743 and ₦747, note that the price can change (high or low) within hours.

 

How much is a dollar to naira today in the black market?

 

Dollar to naira exchange rate today black market (Aboki dollar rate):

 

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N743 and sell at N747 on Tuesday 20 December 2022, according to sources at Bureau De Change (BDC).

 

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

 

Dollar to Naira Black Market Rate Today

 

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N743
Selling Rate N747

 

The local currency opened at N746.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 20 December 2022, in Lagos Nigeria, after it closed at N747.00 per $1 on Monday, 19 December 2022.

Even though the dollar to naira opened in the parallel market at ₦746 per $1 today, News Online reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

 

NewsOnline Nigeria reports that in the black market, the players buy a dollar for N743 and sell for N746 on Tuesday morning, December 20, 2022, after they purchased N743 and sold for N747 on Monday, 19 December 2022.

 

Meanwhile, News Online Nigeria reports that the USD started this week at ₦747 in Parallel Market also known as Black Market on Monday, December 19, 2022, in Lagos Nigeria, after it opened at  ₦743 last week Monday, December 12, 2022.

 

Disclaimer: NEWS ONLINE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Top Stories

President Tinubu, Obi, Governors, Others Eulogize Ogbonnaya Onu

President Tinubu, Obi and Governors among others have eulogized Ogbonnaya Onu.   NewsOnline Nigeria reports…

3 hours ago
  • Entertainment
  • Headline

BREAKING: FG Partners Tuface On MSMEs, Job Creation

FG has partnered with Tuface on MSMEs and Job Creation in Nigeria.   NewsOnline Nigeria…

3 hours ago
  • Crime Watch
  • Top Stories

Abuja High Court Takes Action On Criminal Summons Against Senator Okpebholo

Abuja High Court has taken action on the criminal summons against Senator Okpebholo.   NewsOnline…

3 hours ago
  • Headline
  • Top Stories

BREAKING: President Trump Makes History With First Major Appointment (FULL LIST)

President Trump has made history with a first major appointment.   NewsOnline Nigeria reports that…

4 hours ago
  • Economy And Business
  • Headline

BREAKING: Obaigbena Charges NNPCL To Battle Oil Mafia, Make Refineries Work

Obaigbena has charged NNPCL to battle the oil mafia and make refineries work in Nigeria.…

8 hours ago
  • Headline

BREAKING: President Tinubu Grants More Powers To Ministers Of State

President Tinubu has granted more powers to Ministers of state in Nigeria.   NewsOnline Nigeria…

9 hours ago