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Dollar to Naira Exchange Rate Today 2 March 2023(Black Market)

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See Exchange Rate Tonight As Black Marcket Exchange Rate Appreciatess

Black market dollar to naira today 2 March 2023, Aboki dollar rate can be accessed below.

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 N754/$1 and sell for N757/$1.

However, they also added that the rate could sometimes 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.

How much is the dollar exchange rate to Naira in Black Market today?

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.

2 March dollar to naira black market exchange rate: $1 dollar to naira = ₦757

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦754
Selling Rate ₦757

The local currency opened at N757.00 per $1 at the parallel market otherwise known as the black market today Thursday, 2 March 2023, in Lagos Nigeria, after it closed at N755  per $1 on Wednesday, 1 March 2023.

Note 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.

Also, 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

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.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” the CBN Governor said during a press briefing on September 17, 2021.

Black market, the players buy a dollar for N754 and sell for N757 on Thursday, 2 March 2023, after they purchased N750 and sold for N755 on Wednesday, 1 March 2023.

Meanwhile, the USD started this week at ₦765 in Parallel Market also known as Black Market on Monday, February 27, 2023, in Lagos Nigeria, after it opened at  ₦770 last week Monday, February 20, 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 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.

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