Access the dollar to naira black market exchange rate for today 22nd November 2023, on GoldenNewsNg.
Black Market Dollar to Naira is how much?,
The currency dealers in Abuja Zone 4 market, Lagos, Nigeria said a dollar was bought at the rate of ₦1155 and sold at the rate of ₦1165 as at the time of filling this report.
How Much Is Dollar To Naira Exchange Rate Today?
GoldenNewsNg understands that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1155 and sell at N1165 .
Estimated Exchange Rate of Dollar To Naira in Black Market Today?
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1155 |
| Selling Rate | 1165 |
The local currency (abokiFx) Dollar to Naira opened at N1155 per $1 at the parallel market otherwise known as the black market, today, Thursday, 23rd November 2023 in Lagos Nigeria, after it closed at N1160 per $1.
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 ₦1140 and the price can change (high or low) within hours.
The present buying and selling rates of United States Dollars (USD) on the unofficial parallel market are provided below for Bureau De Change (BDC) operators in Lagos and Abuja, also known as the black market.”
Official Dollar to Naira Exchange rate today 23rd November 2023
The official exchange rate between the Nigerian Naira and the US dollar is provided by the Central Bank of Nigeria (CBN) on its Currency Exchange Rate platform.
Frequently Asked Questions (FAQ)
Q: Where can I find the most accurate dollar to Naira exchange rates?
A: To obtain the most accurate and up-to-date dollar to Naira exchange rates, it is advisable to consult authorized financial institutions, such as banks or official forex trading platforms. meanwhile, GoldenNewsNg.com always publish updated dollar to naira rate.
Q: Why does the black market exist if the CBN does not recognize it?
A: The black market exists due to various factors, including limited access to official channels for foreign exchange transactions and the demand for foreign currencies that exceeds the available supply. However, engaging in transactions through the black market may involve certain risks, such as potential fraudulent activities or unfavorable rates.
