Black Market Dollar To Naira Exchange Rate Today 27 March 2023

LAGOS PARALLEL MARKET RATES March 26, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 27 dollar to naira black market exchange rate: $1 dollar to naira = ₦750

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 27 March 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Sunday, 26 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 Monday morning, March 27, 2023, after they bought N745 and sold for N750 on Sunday, 26 March 2022.