Black Market Dollar To Naira Exchange Rate Today 31st December 2022

Black market dollar to naira exchange rate today 31st December 2022 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 ₦737 and ₦741 and the price can change (high or low) within hours.

News One has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

December 31st dollar to naira official market exchange rate: $1 dollar to naira =₦448.08

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 N448.08 per dollar on Saturday, 31 December 2022, after it closed at N448.0799per $1 on Friday, 30 December 2022. This represents a change of 0.00%.

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 December 31, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

December 31 dollar to naira black market exchange rate: $1 dollar to naira = ₦741

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N741.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 31 December 2022, in Lagos Nigeria, after it closed at N744.00 per $1 on Friday, 30 December 2022.

Even though the dollar to naira opened in the parallel market at ₦741 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.

News One Nigeria reports that at the black market, the players buy a dollar for N737 and sell for N741 on Saturday morning, December 31, 2022, after they bought N738 and sold for N744 on Friday, 30 December 2022.

Meanwhile, News One Nigeria reports that the USD started this week at ₦745 in Parallel Market also known as Black Market on Monday, December 26, 2022, in Lagos Nigeria, after it opened at ₦747 last week Monday, December 19, 2022.

Disclaimer: NEWS-ONE 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.