Dollar To Naira Exchange Rate Today 26th March 2023(Black Market)

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦745 and the price can change (high or low) within hours.

How much is dollar to naira today in black market?

News Rain Nigeria reports that the dollar to naira exchange rate today on the parallel market otherwise known as the black market opened for exchange at the rate of ₦745 to the US Dollar (per $1).

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N742 and sell at N745 on Sunday 26 March 2023, according to sources at Bureau De Change (BDC).

Dollar to naira exchange rate today: Dollar to Naira Black Market Rate Today

Meanwhile, News Rain Nigeria reports that the European Euro/Naira traded at ₦782 buy and ₦795 sell respectively in the parallel market. Similarly, the British Pound to Naira Exchange Rate is ₦915 buy, while you can sell a pound for ₦930 at the black market rate.

Below you can see the chart for the Nigerian Naira rate today compared to the Dollar

The black market is an economic activity that takes place outside government-sanctioned channels. It is an illegal market where transactions usually occur “under the table” to let participants avoid government price controls or taxes.

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.