Dollar To Naira Exchange Rate Today 12th April 2023(Black Market)

Black market dollar to naira exchange rate today, 12th April 2023 can be accessed below.

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 ₦750 and the price can change (high or low) within hours.

How much is the exchange rate of Dollar 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 12th April 2023 (BLACK MARKET): dollar to naira exchange rate today black market

Even though the dollar to naira opened in the parallel market at ₦750 per $1 today, 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.

News Rain Nigeria reports that at the black market, the players buy a dollar for N745 and sell for N750 on Wednesday morning, 12th April 2023, after they bought N745 and sold for N750 on Tuesday, 11th April 2023.

Meanwhile, USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, 10th April 2022, in Lagos Nigeria, after it opened at 750 last week Monday, April 3rd, 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.