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Dollar to Naira Exchange Rate (USD/NGN) Nov. 25, 2022 (Black Market)

The local currency opened at N785.00 per $1 at the parallel market otherwise known as the black market today Friday, November 25, 2022.

by Justice Winner
November 25, 2022
in Economy And Business, Headline
Exchange Rate Dollar To Naira In Black Market Today

Naira

Dollar to Naira Exchange Rate (USD/NGN) Nov. 25, 2022, from an unofficial market (black market), 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. What it means is that…you can buy or sell 1 dollar at ₦785 and the price can change (high or low) within hours.

 

How much is the exchange rate of Dollar to Naira in the Black Market today? See Dollar To Naira Exchange Rate Friday 25th November below.

 

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.

November 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦785

 

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 780
Selling Rate 785

The local currency opened at N785.00 per $1 at the parallel market otherwise known as the black market today Friday, November 25, 2022.

 

Even though the dollar to naira opened in the parallel market at ₦785 per $1 today, NewsOnline Nigeria 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 reports that on the black market, the players buy a dollar for N780 and sell for N785 on Fr5day morning, November 25, 2022, after they bought N780 and sold for N785 on Thursday, November 24, 2022.

 

Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦785 in Parallel Market also known as Black Market on Monday, 21 November 2022, in Lagos Nigeria, after it opened at ₦720 last week Monday,  November 14, 2022.

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Justice Winner

Justice Winner

Justice Winner is a Veteran Nigerian Journalist With Expertise in Writing Nigeria News, Entertainment and Politics. He has a degree in Journalism/Mass Communication Studies. Justice is a dedicated and talented writer committed to producing high-quality content that is authoritative, informative, entertaining, and engaging. Connect with Him on Instagram , Facebook, Twitter, and LinkedIn.

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