Black Market Dollar To Naira Exchange Rate Today 28th October 2023

Black market dollar to naira exchange rate today 28th october 2023 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at a certain rate and the price can change (high or low) within hours.

How much is the Black market dollar to naira exchange rate today?

The local currency opened at N1,290.00 per $1 at the parallel market otherwise known as the black market today Saturday, 28 October 2023, in Lagos Nigeria, after it closed at N1,290.00 per $1 on Friday, 27 October 2023.

Even though the dollar to naira opened in the parallel market at ₦1,150 per $1 today, NewsRain 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.

NewsRain Nigeria reports that in the black market, the players buy a dollar for N1,150 and sell for N1,290 on Saturday, 28 October 2023, after they purchased N1,285 and sold for N1,290 on Friday, 27 October 2023.