Black Market Dollar To Naira Exchange Rate Today 23 August 2023

August 23 dollar to naira black market exchange rate: $1 dollar to naira = ₦855

The local currency opened at N855 per $1 at the parallel market otherwise known as the black market today Wednesday, 23 August 2023, in Lagos Nigeria, after it closed at N855 per $1 on Tuesday, 22 August 2023.

Even though the dollar to naira opened in the parallel market at ₦855 per $1 today, NewsOnline 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.

News Rain Nigeria reports that in the black market, the players buy a dollar for N850 and sell for N855 on Wednesday, 23 August 2023.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦865 in Parallel Market also known as Black Market on Monday, August 21, 2023, in Lagos Nigeria, after it opened at  ₦860 last week Monday, August 14, 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.