Black market dollar to naira today 14th September 2022, can be accessed below.
IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦710 and the price can change (high or low) within hours.
Newsone 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.
September 14 dollar to naira official market exchange rate: $1 dollar to naira =₦428.4363
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
| 1 USD = 428.4363 NGN |
| 1 Dollars = 428.4363 Nigerian Naira |
| The USDNGN rate as of 14 Sep 2022 at 1:23 PM |
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 ₦428.4363 per dollar on Wednesday, September 14, 2022, after it closed at ₦427.4596 per $1 on Tuesday, September 13, 2022.
Official dollar to naira exchange rates for the week
| Tuesday 13 September 2022 | 1 USD = 427.4596 NGN | |
| Monday 12 September 2022 | 1 USD = 423.6366 NGN | |
| Sunday 11 September 2022 | 1 USD = 423.6789 NGN | |
| Saturday 10 September 2022 | 1 USD = 421.2261 NGN | |
| Friday 9 September 2022 | 1 USD = 427.4076 NGN | |
| Thursday 8 September 2022 | 1 USD = 425.5103 NGN | |
| Wednesday 7 September 2022 | 1 USD = 424.0177 NGN |
September 14 black market dollar to naira exchange rate: $1 dollar to naira =₦710
How much is exchange rate of Dollar to Naira in Black Market today?
US Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 707 |
| Selling Rate | 710 |
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 (black market dollar to naira exchange rate today)
The local currency opened at N710.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, September 14, 2022, in Lagos Nigeria after it closed at N706.00 per $1 on Tuesday, September 13, 2022. This represents a change in N4 from the previous day.
Even though the dollar to naira opened in the parallel market at ₦710 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 in the black market, the players buy a dollar for N707 and sell for N710 on Wednesday, September 14, 2022, after they bought N703 and sold for N706 on Tuesday, September 13, 2022. This means the exchange rate changed its position from the previous day.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦710 in Parallel Market also known as Black Market on Monday, September 12, 2022, in Lagos Nigeria, after it opened at ₦702 last week Monday, September 5, 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.