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Dollar To Naira Exchange Rate Today 7 May 2023(Black Market)

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Black market dollar to naira rate today 7 May 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 N734/$1 and sell for N738/$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.

Dollar to naira exchange rate: Dollar to Naira Black Market Rate Today 7 May 2023

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N734
Selling Rate N738

The local currency opened at N738.00 per $1 at the parallel market otherwise known as the black market today Sunday, in Lagos Nigeria.

Even though the dollar to naira opened in the parallel market at N738 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 in the black market, the players buy a dollar for N734 and sell for N738 on Sunday morning, 7 May 2023.

Meanwhile, USD started this week at ₦746 in Parallel Market also known as Black Market on Monday, 1st May 2022, in Lagos Nigeria, after it opened at 745 last week Monday, April 24th, 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.

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