Black Market Dollar to Naira Exchange Rate, Today 5, November, 2022
Please take note that the exchange rate is subject to hourly fluctuations depending on the amount of dollars available and the level of demand. It indicates that you can buy or sell a dollar for $890, but the price could vary (to the high or low) within hours.
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).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
November 5 dollar to naira black market exchange rate: $1 dollar to naira = ₦890
On Saturday, November 5, 2022, the local currency’s opening rate on black market, also known as the parallel market, was N890.00 to $1.
Touchaheart Nigeria reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as black market, even if the dollar to naira exchange rate opened at 890 for $1 today. As a result, the central bank advised anyone in need of foreign currency to contact their bank, reiterating that the I&E window is the only known exchange.
TOUCHAHEART NIGERIA reports that on black market, the players buy a dollar for N885 and sell for N890 on Saturday morning, November 5, 2022, after they bought N865 and sold for N880 on Friday, November 4, 2022.
Meanwhile, Touchaheart Nigeria reports that the USD started this week at ₦800 in Parallel Market also known as Black Market on Monday, 31 October 2022, in Lagos Nigeria, after it opened at ₦750 last week Monday, October 24, 2022.