What is the Dollar to Naira black market exchange rate today? See the black market dollar to naira exchange rate today below. You can swap your dollar for naira at these rates.
News Rain Nigeria has obtained the official naira black market exchange rate in Nigeria today including the unofficial Parallel Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at ₦747 and sell it at ₦750, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.
The local currency (abokiFx) opened at N750.00 per $1 at the parallel market otherwise known as the black market, today, Friday, June 9, 2023, in Lagos Nigeria, after it closed at N745.00 per $1 on Thursday, June 8, 2023.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦747 |
| Selling Rate | ₦750 |
Even though the dollar to naira opened in the parallel market at N753 per $1 today, News Rain Nigeria reports 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.
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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