Black market dollar to naira exchange rate today 8 January 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 Black market dollar to naira exchange rate today is 1 dollar at ₦740 and ₦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?
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.
January 7 dollar to naira black market exchange rate: $1 dollar to naira = ₦745
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦740 |
| Selling Rate | ₦745 |
The local currency opened at ₦745.00 per $1 at the parallel market otherwise known as the black market today Saturday, 7 January 2023, in Lagos Nigeria, after it closed at ₦743.00 per $1 on Friday, 6 January 2023.
Even though the dollar to naira opened in the parallel market at ₦745 per $1 today, GoldenNewsNg 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.
Newsone Nigeria reports that in the black market, the players buy a dollar for ₦740 and sell for ₦745 on Saturday morning, January 8, 2023, after they bought ₦740 and sold for ₦745 on Friday, 6 January 2023.
Meanwhile, GoldenNewsNg reports that the USD started this week at ₦741 in Parallel Market also known as Black Market on Monday, January 2, 2023, in Lagos Nigeria, after it opened at ₦745 last week Monday, December 26, 2022.
Disclaimer: GoldenNewsNg 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.