Dollar to Naira Exchange Rate (USD/NGN) Nov. 25, 2022, from an unofficial market (black market), 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 ₦775 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in the Black Market today? See the Dollar to Naira Exchange Rate Friday 25th November below…
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.
November 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦775
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
The local currency opened at N775.00 per $1 at the parallel market otherwise known as the black market today Friday, November 25, 2022.
Even though the dollar to naira opened in the parallel market at ₦775 per $1 today, NewsOnline Nigeria 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 reports that on the black market, the players buy a dollar for N772 and sell for N775 on Friday morning, November 25, 2022, after they bought N773 and sold for N777 on Thursday, November 24, 2022.
Meanwhile, News One Nigeria reports that the USD started this week at ₦785 in Parallel Market also known as Black Market on Monday, November 21, 2022, in Lagos Nigeria, after it opened at ₦725 last week Monday, November 14, 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.