Business
Dollar to Naira Exchange Rate Today 1 March 2023(Black Market)
Black market dollar to naira exchange rate today 1 March 2023 can be accessed below.
News Rain Nigeria reports that the exchange rate between the naira and the US dollar today, 1 March 2023 on the black market, opened at an average of N755/$1.
This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N752/$1 and sell for N755/$1.
However, they also added that in some cases the rate could vary depending on the form of transaction, cash, or transfer. that is to say, you are likely to get a higher rate if you have physical cash to exchange.
Dollar to Naira Black Market Exchange Rate Today
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | N752 |
Selling Rate | N755 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
CBN Official Naira to Foreign Exchange Rates
Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
---|---|---|---|---|
2/27/2023 | US DOLLAR | 459.97 | 460.47 | 460.97 |
2/27/2023 | POUNDS STERLING | 551.32 | 551.9193 | 552.5186 |
2/27/2023 | EURO | 485.9123 | 486.4405 | 486.9687 |
2/27/2023 | SWISS FRANC | 489.2257 | 489.7575 | 490.2893 |
2/27/2023 | YEN | 3.3754 | 3.3791 | 3.3828 |
2/27/2023 | CFA | 0.722 | 0.732 | 0.742 |
2/27/2023 | WAUA | 610.0546 | 610.7178 | 611.3809 |
2/27/2023 | YUAN/RENMINBI | 66.1742 | 66.2466 | 66.319 |
2/27/2023 | RIYAL | 122.5443 | 122.6775 | 122.8107 |
2/27/2023 | SOUTH AFRICAN RAND | 24.9946 | 25.0217 | 25.0489 |
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.