News Rain Nigeria reports that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N750 and sell at N755 on Wednesday 1st February 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N755 |
The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 1st February 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Tuesday, 31st January 2023.
Meanwhile, USD started this week at ₦755 in Parallel Market also known as Black Market on Monday, January 30, 2023, in Lagos Nigeria, after it opened at ₦743 last week Monday, January 23, 2023.
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