Dollar to Naira Exchange rate today
Black Market Dollar To Naira Exchange Rate Today 27th April 2023
Black market dollar to naira exchange rate today 27th April 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 ₦737 or sell 1 dollar at ₦740 and the price can change (high or low) within hours.
April 27 dollar to naira official market exchange rate: $1 dollar to naira =₦460.5158
| 1 USD = 460.5158 NGN |
| 1 Dollars = 460.5158 Nigerian Naira |
| The USDNGN rate as of 27 Apr 2023 |
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 ₦460.5158 per dollar on Thursday, 27 April 2023, after it closed at ₦461.3956 per $1 on Wednesday, 26 April 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 April 27, 2023 (BLACK MARKET): dollar to naira exchange rate today black market
April 27 black market dollar to naira exchange rate: $1 dollar to naira =₦740
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Buying Rate | ₦737 |
| Buying Rate | ₦740 |
Newsone Nigeria reports that at the black market, the players buy a dollar for ₦737 and sell for ₦740 on Thursday, April 27, 2023, after they bought ₦733 and sold for ₦737 on Wednesday, 26 April 2023.
Even though the dollar to naira opened in the parallel market at ₦740 per $1 today, Newsone 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.
‘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.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦746 in Parallel Market also known as Black Market on Monday, 24th April 2022, in Lagos Nigeria, after it opened at 745 last week Monday, April 17th, 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.
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