Dollar to Naira Exchange Rate
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦750 and the price can change (high or low) within hours.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES March 26, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 26 March 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Saturday, 25 March 2023.
Even though the dollar to naira opened in the parallel market at ₦750 per $1 today, Newsonline 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 at the black market, the players buy a dollar for N745 and sell for N750 on Sunday morning, March 26, 2023, after they bought N745 and sold for N750 on Saturday, 25 March 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, March 20, 2022, in Lagos Nigeria, after it opened at 750 last week Monday, March 13, 2023.
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