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 ₦830 and the price can change (high or low) within hours.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
November 10 dollar to naira black market exchange rate: $1 dollar to naira = ₦830
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 825 |
| Selling Rate | 830 |
The local currency opened at N830.00 per $1 at the parallel market otherwise known as the black market today Thursday, 10 November 2022, in Lagos Nigeria, after it closed at N800.00 per $1 on Wednesday, 9 November 2022.
Even though the dollar to naira opened in the parallel market at ₦830 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 N825 and sell for N830 on Thursday morning, November 10, 2022, after they bought N798 and sold for N800 on Wednesday, 9 November 2022.
Meanwhile, USD started this week at ₦890 in Parallel Market also known as Black Market on Monday, November 7, 2022, in Lagos Nigeria, after it opened at ₦800 last week Monday, October 31, 2022.
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