Dollar To Naira Exchange Rate Today 27th October 2022(Black Market)

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.

October 27 dollar to naira black market exchange rate: $1 dollar to naira = ₦765

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buy ing Rate	763
Selling Rate	765

The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Thursday, 27 October 2022, in Lagos Nigeria, after it closed at N765.00 per $1 on Wednesday, 26 October 2022.

Even though the dollar to naira opened in the parallel market at ₦765 per $1 today, News Rain 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.

News Rain Nigeria reports that in the black market, the players buy a dollar for N763 and sell for N765 on Thursday, 27 October 2022, after they purchased N763 and sold for N765 on Wednesday, 26 October 2022.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦760 in Parallel Market also known as Black Market on Monday, October 24, 2022, in Lagos Nigeria, after it opened at  ₦745 last week Monday, October 17, 2022.

Disclaimer: NEWS RAIN 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.