Black Market Dollar To Naira Today 16th August 2023

Black market dollar to naira exchange rate today 16th August 2023, 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 ₦955 and the price can change (high or low) within hours.

 

How much is the Black market dollar to naira exchange rate today?

 

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 TODAY: dollar to naira exchange rate today black market.

 

August 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦955

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	950
Selling Rate	955

The local currency opened at N955.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 16 August 2023, in Lagos Nigeria, after it closed at N955.00 per $1 on Tuesday, 15 August 2023.

 

Even though the dollar to naira opened in the parallel market at ₦955 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 in the black market, the players buy a dollar for N950 and sell for N955 on Wednesday, 16 August 2023, after they purchased N950 and sold for N955 on Tuesday, 15 August 2023.

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦865 in Parallel Market also known as Black Market on Monday, August 14, 2023, in Lagos Nigeria, after it opened at  ₦860 last week Monday, August 7, 2023.

 

Disclaimer: NEWSONLINE 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.