Black Market Dollar To Naira Exchange Rate Today, 8th May 2023

Black Market Dollar To Naira Exchange Rate Today, 8th May 2023 from the Aboki Fx market 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. What it means is that…you can buy or sell 1 dollar at ₦755 and the price can change (high or low) within hours.

 

Speaking in Victoria Island, Lagos, Bureaux De Change operators (BDCs) said they purchased the greenback at N750/$, sold at N755/$ and made a gain of N5

 

How much is the 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).

 

Even though the dollar to naira opened in the parallel market at ₦737 per $1 today, NewsOnline 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:  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.