Dollar To Naira Exchange Rate Today 20 January 2023(Black Market)

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market)

players buy a dollar for N743 and sell at N747 on Friday 20 January 2023, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

The local currency opened at N746.00 per $1 at the parallel market otherwise known as the black market today Friday, 20 January 2023, in Lagos Nigeria, after it closed at N747.00 per $1 on Thursday, 19 January 2023.

Even though the dollar to naira opened in the parallel market at ₦746 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.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦747 in Parallel Market also known as Black Market on Monday, January 16, 2023, in Lagos Nigeria, after it opened at  ₦743 last week Monday, January 9, 2023.

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.