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 ₦683 and the price can change (high or low) within hours.
Glamtush 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.
Below you can see the chart for the Nigerian Naira to Dollar rate today compared to the Dollar.
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 ₦ per dollar on Thursday, 18th August 2022, after it closed at ₦ per $1 on Wednesday, 17th August 2022.
How much is the exchange rate of the Dollar to Naira in the Black Market today?
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 680 |
| Selling Rate | 683 |
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 August 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market.
The local currency opened at N683.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 18 August 2022, in Lagos Nigeria after it closed at N680.00 per $1 on Wednesday, 17 August 2022.
Even though the dollar to naira opened in the parallel market at ₦683 per $1 today, 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.
Glamtush reports that on the black market, the players buy a dollar for N680 and sell for N683 on Thursday, August 18, 2022, after they bought N678 and sold for N680 on Wednesday, 17 August 2022.
Meanwhile, the USD started this week at ₦680 in Parallel Market also known as Black Market on Monday, August 15, 2022, in Lagos Nigeria, after it opened at ₦685 last week Monday, August 8, 2022.
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