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 ₦745 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in Black Market today? Black Market Dollar To Naira Today 21 December 2022:
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.
December 21 dollar to naira black market exchange rate: $1 dollar to naira = ₦745
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
The local currency opened at N746.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 21 December 2022, in Lagos Nigeria, after it closed at N743.00 per $1 on Tuesday 20 December 2022.
Even though the dollar to naira opened in the parallel market at ₦745 per $1 today, Brand Spur 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.
Brand Spur Nigeria reports that in the black market, the players buy a dollar for N742 and sell for N745 on Wednesday morning, December 21, 2022, after they purchased N743 and sold for N746 on Tuesday, 20 December 2022.
Disclaimer: Brand Spur 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.
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