Black market dollar to naira exchange rate today 3rd March 2023

This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N753/$1 and sell for N756/$1. However, they also added that the rate could sometimes vary depending on the form of transaction, cash, or transfer. that is to say, you are likely to get a higher rate if you have physical cash to exchange.

How much is the dollar exchange rate to Naira in Black Market today? Black market dollar to naira

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.

3 March dollar to naira black market exchange rate: $1 dollar to naira = ₦756

The local currency opened at N756.00 per $1 at the parallel market

otherwise known as the black market today Friday, 3 March 2023, in Lagos Nigeria, after it closed at N755  per $1 on Thursday, 2 march 2023.

Even though the dollar to naira opened in the parallel market at N756  per $1 today, NEWS ONENIGERIA 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 ONENIGERIA reports that in the black market, the players buy a dollar for N753 and sell for N756 on Friday morning, March 3, 2023, after they purchased N750 and sold for N755 on Thursday, 2 March 2023.

Meanwhile, NEWS ONENIGERIA reports that the USD started this week at ₦765 in Parallel Market also known as Black Market on Monday, February 27, 2023, in Lagos Nigeria, after it opened at  ₦770 last week Monday, February 20, 2023.