The Nigeria parallel market(black market dollar exchange rate today) to the Nigerians Naira is as follows:
the exchange rate of naira to dollar today
Please be aware that the central Bank of Nigeria(CBN) does not recognize the secondary market (black market) and has advised anybody interested in forex to first contact their local banks.
The black market exchange rate is always different from the CBN rate. The Nigerian economy is gently impacted by the exchange rate below the US dollar and the Nigerian naira.
How much is the exchange rate of dollar to naira in Black market today??
In Lagos, Nigeria on today, Tuesday, September 6th, 2022, the local currency, often known as the black market, started at ₦692.00 naira per $1 after closing previous day at ₦700.00 per $1 on Tuesday, September 6th 2022.
Dollar prices on the black market are usually higher than those set by the CBN. The rate at which you can buy and sell dollars for naira on the CBN`s website, cbn.gov.ng is known as the exchange rate. Stechitegist reports, on Tuesday evening, September 6th 2022, the participant purchase a dollar for 697.00 naira on the black market and sell it for ₦700 naira