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Black Market Dollar To Naira Exchange Rate Today 7 February 2023

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Black Market Dollar To Naira Exchange Rate Today 14th July 2023

Black market dollar to naira exchange rate today 7 February 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 ₦755 and the price can change (high or low) within hours.

How much is dollar to naira today in black market?: Black market dollar to naira exchange rate

Newsone reports that 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.

7 February dollar to naira black market exchange rate: $1 dollar to naira = ₦755

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦752
Selling Rate ₦755

The local currency opened at N755.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 5 February 2023, in Lagos Nigeria, after it closed at N757 per $1 on Monday, 6 February 2023.

Even though the dollar to naira opened in the parallel market at ₦755 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognize 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 N752 and sell for N755 on Tuesday, February 7, 2023, after they purchased N753 and sold for N757 on Monday, February 6, 2023.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦757 in Parallel Market also known as Black Market on Monday, February 6, 2023, in Lagos Nigeria, after it opened at  ₦750 last week Monday, January 30, 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.

Philips Sunday is a Journalist and SEO Expert with a demonstrated history of working in the media production industry. He has degrees in Mass Communication/Media Studies. Connect with him on Facebook, Instagram and LinkedIn.