ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, October 4, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Exchange Rates

Dollar to Naira Exchange Rate (USD/NGN) Dec. 16, 2022 (Black Market)

by NewsOnline Nigeria
December 16, 2022
in Exchange Rates
0
Black Market Dollar To Naira Exchange Rate

Naira

Dollar to Naira Exchange Rate (USD/NGN) Dec. 16, 2022, from an unofficial market (black market), can be accessed below.

 

 

NewsOnline reports that the black market is a transaction platform, whether physical or virtual, where the dollar to naira is exchanged illegally as against banks and Central bank of Nigeria (CBN) official rates. What makes the market “black” can either be the illegal nature of the high exchange rates, the illegal nature of the transaction, or both and its effect on the Nigerian economy. Dollar to naira black market exchange can also be known as “The parallel Market’.

 

ALSO: FG Begins Disbursement of $350m Cabotage Fund by Five Banks

 

This online news platform understands that the Dollar to Naira parallel market exchange rate today, Friday 16 December 2022 is between ₦740 and ₦745 with an average of ₦750.00 in Nigeria, according to black market movers who spoke to NewsOnline Nigeria. in Lagos and Abuja.

 

In the last 7 days, between 09/12/2022 and 16/12/2022, we see that the Dollar to Naira black market rate had values between ₦730 and ₦770 with an average ₦740.79. When we compare last week’s numbers with today’s (13/12/2022) rate, the average Dollar to Naira rate saw a 10.79 points decrease from ₦750.79 to ₦745.00 which equals a 1.46% fall.

 

December 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦750

 

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying Rate745
Selling Rate750

 

The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Friday, December 16, 2022.

 

Even though the dollar to naira opened in the parallel market at ₦745 per $1 today, NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) does not recognize 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 reports that on the black market, the players buy a dollar for N745 and sell for N750 on Friday morning, 16 December 2022, after they bought N750 and sold for N745 on Thursday, December 15, 2022.

 

Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, 12 December 2022, in Lagos Nigeria, after it opened at ₦730 last week Monday,  December 05, 2022.

ADVERTISEMENT
Previous Post

Anti Graft: EFCC Set To Auction Forfeited Estates – Bawa

Next Post

Pound to Naira Exchange Rate (GBP/NGN) Dec. 16, 2022 (Black Market)

Next Post
Pound to Naira Exchange Rate

Pound to Naira Exchange Rate (GBP/NGN) Dec. 16, 2022 (Black Market)

Trending Stories

No Content Available

Latest Stories

Police Enforcement of Tinted Glass Permit

BREAKING: Court Halts Police Enforcement of Tinted Glass Permit

CBN

BREAKING: CBN Moves to Take Full Control of Nigeria’s Fixed Income Market

PENGASSAN Strike

PENGASSAN Strike Cut Nigeria’s Oil Output by 283,000 Barrels Per Day – NNPCL

Gaza Peace Plan

Trump Gives Hamas Sunday Deadline to Accept Gaza Peace Plan, Warns of “All Hell”

Jonathan

Jonathan Exposes How Boko Haram Once Chose Buhari to Negotiate With His Government

2025 U-20 World Cup: Bameyi Earns Man of the Match in Flying Eagles’ Victory Over Saudi Arabia

Linc Edochie Reportedly Dating Young Lady Who Resembles Queen May – Yinka Theisen

Temi Otedola Reveals Her Pick to Win BBNaija Season 10

IV TUNE: My Music Tells Stories of Overcoming Life’s Challenges

UCL: Chris Sutton Slams Guardiola for Creating Big Problem at Man City

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria