Black market dollar to naira exchange rate today 18 June 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 ₦759 and the price can change (high or low) within hours.
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 June 18, 2023 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N759.00 per $1 at the parallel market otherwise known as the black market today Sunday, 18 June 2023, in Lagos Nigeria, after it closed at N756.00 per $1 on Saturday, 17 June 2023.
Even though the dollar to naira opened in the parallel market at ₦759 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.
Newsone Nigeria reports that on the black market, the players buy a dollar for N756 and sell for N759 on Sunday morning, June 18, 2023, after they bought N756 and sold for N759 on Saturday, 17 June 2023.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦756 in Parallel Market also known as Black Market on Monday, 12 June 2023, in Lagos Nigeria, after it opened at ₦750 last week Monday 5 June 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.