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 ₦750 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).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 740 |
| Selling Rate | 750 |
The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Friday, 2 December 2022, in Lagos Nigeria, after it closed at N755.00 per $1 on Thursday, 1 December 2022.
Even though the dollar to naira opened in the parallel market at ₦750 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 N740 and sell for N750 on Friday morning, December 2, 2022, after they purchased N745 and sold for N755 on Thursday, 1 December 2022.
Meanwhile, News Rain Nigeria reports that the USD started this week at ₦775 in Parallel Market also known as Black Market on Monday, November 28, 2022, in Lagos Nigeria, after it opened at ₦785 last week Monday, November 21, 2022.
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