Black Market Dollar To Naira Exchange Rate Today 25th September 2023

The local currency opened at N995.00 per $1 at the parallel market otherwise known as the black market today Monday, 25 September 2023, in Lagos Nigeria, after it closed at N995.00 per $1 on Sunday, 24 September 2023.

Even though the dollar to naira opened in the parallel market at ₦995 per $1 today, Newsone 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 N985 and sell for N995 on Monday, 25 September 2023, after they purchased N985 and sold for N995 on Sunday, 24 September 2023.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦995 in Parallel Market also known as Black Market on Monday, September 25, 2023, in Lagos Nigeria, after it opened at ₦965 last week Monday, September 18, 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.