Black Market Dollar To Naira Exchange Rate Today 10th March 2023

Black market dollar to naira exchange rate today 10th March 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. What it means is that…you can buy or sell 1 dollar at ₦751 and the price can change (high or low) within hours.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦459.6118 per dollar on Friday, 10 March 2023, after it closed at ₦460.5549  per $1 on Thursday, 9 March 2023. 

How much is 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 March 10, 2023 (BLACK MARKET): dollar to naira exchange rate today black market

March 10 dollar to naira black market exchange rate: $1 dollar to naira = ₦751

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N751.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 10 Friday 2023, in Lagos Nigeria after it closed at N753.00 per $1 on Thursday, 9 March 2023.

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	₦747
Selling Rate	₦751

Even though the dollar to naira opened in the parallel market at ₦751 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.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021.

Newsone Nigeria reports that at the black market, the players buy a dollar for N747 and sell for N751 on Friday, March 10, 2023, after they bought N749 and sold for N753 on Thursday, March 9, 2023.

Meanwhile, NEWS ONENIGERIA reports that the USD started this week at ₦755 in Parallel Market also known as Black Market on Monday, March 6, 2023, in Lagos Nigeria, after it opened at  ₦765 last week Monday, February 27, 2023.

Disclaimer: NEWSONE 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.