Black Market Dollar To Naira Exchange Rate Today 19th February 2023

Black Market Dollar to naira exchange rate today 19th February 2023 can be accessed below.

Glamtushreports that the exchange rate between the naira and the US dollar today, Saturday 19th February 2023 on the black market, opened at an average of N770/$1.

This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N765/$1 and sell for N770/$1. However, they also added that in some cases the rate could vary depending on the form of transaction, cash, or transfer. that is to say, you are likely to get a higher rate if you have physical cash to exchange.

Dollar to Naira Black Market Exchange Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	N765
Selling Rate	N770

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

CBN Official Naira to Foreign Exchange Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
2/17/2023	US DOLLAR	460	460.5	461
2/17/2023	POUNDS STERLING	548.918	549.5147	550.1113
2/17/2023	EURO	488.612	489.1431	489.6742
2/17/2023	SWISS FRANC	493.2976	493.8338	494.37
2/17/2023	YEN	3.4087	3.4124	3.4161
2/17/2023	CFA	0.7312	0.7412	0.7512
2/17/2023	WAUA	614.195	614.8626	615.5302
2/17/2023	YUAN/RENMINBI	66.845	66.9181	66.9912
2/17/2023	RIYAL	122.6372	122.7705	122.9038
2/17/2023	SOUTH AFRICAN RAND	25.2456	25.273	25.3005

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” the CBN Governor said during a press briefing on September 17, 2021.

Disclaimer: Glamtush does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel 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.

GLAMTUSH