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Black Market Dollar To Naira Today 16th October 2022



Dollar To Naira Exchange Rate Today 7 July 2023 (Black Market Rate)

Black market dollar to naira exchange rate today 16th October 2022, Aboki dollar rate 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 ₦745 and the price can change (high or low) within hours.

How much is the 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 TODAY: dollar to naira exchange rate today black market.

Black Market Dollar To Naira Today

Naira to dollar: Black market dollar to naira

October 16th dollar to naira black market exchange rate: $1 dollar to naira = ₦745

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 742
Selling Rate 745

The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Sunday, 16th October 2022, in Lagos Nigeria, after it closed at N745.070 per $1 on Friday, 14th October 2022.

Even though the dollar to naira opened in the parallel market at ₦745 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 N742 and sell for N745 on Sunday, October 16, 2022, after they bought N740 and sold for N745 on Saturday, 15th October 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦734 in Parallel Market also known as Black Market on Monday, October 10, 2022, in Lagos Nigeria, after it opened at  ₦742 last week Monday, October 3, 2022.

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.