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Dollar To Naira Exchange Rate Today 5 July 2023 (Black Market Rate)

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See Exchange Rate As Naira Gains 0.07%

Dollar to Naira exchange rate today 5 July 2023, the black market rate can be accessed below.

News Rain Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

July 5 dollar to naira official exchange rate: $1 dollar to naira = N773.5

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N773.5 per dollar on Wednesday, 5 July 2023, after it closed at N765.8483 per $1 on Tuesday, 4 July 2023.

1 USD = 773.5 NGN
1 Dollars = 773.5 Nigerian Naira
The USDNGN rate as of 5 Jul 2023 at 4:19 PM

 

How much is 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 July 5, 2023 (BLACK MARKET): dollar to naira exchange rate today black market

July 5 dollar to naira black market exchange rate: $1 dollar to naira = N784

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦779
Selling Rate ₦784

 

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N784.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 5 July 2023, in Lagos Nigeria after it closed at N772.00 per $1 on Tuesday, 4 July 2023. This represents a change of N12 from the previous day.

News Rain Nigeria reports that in the black market, the players buy a dollar for N779 and sell for N784 on Wednesday, 5 July 2023. after they bought N769 and sold N772 yesterday. This means the dollar to naira exchange rate changed its position.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦772 in Parallel Market also known as Black Market on Monday, July 4, 2023, in Lagos Nigeria. after it opened at N765 last week.

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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