Black Market Dollar To Naira Exchange Rate Today 20 January 2023

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦743 and ₦747, note that the price can change (high or low) within hours.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N743 and sell at N747 on Friday 20 January 2023, according to sources at Bureau De Change (BDC).

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.

Dollar to Naira Black Market Rate Today

The local currency opened at N746.00 per $1 at the parallel market otherwise known as the black market today Friday, 20 January 2023, in Lagos Nigeria, after it closed at N747.00 per $1 on Thursday, 19 January 2023.

Even though the dollar to naira opened in the parallel market at ₦746 per $1 today, Glamtush 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.

Glamtush reports that in the black market, the players buy a dollar for N743 and sell for N746 on Friday morning, January 20, 2023, after they purchased N743 and sold for N747 on Thursday, 19 January 2023.

Meanwhile, the USD started this week at ₦747 in Parallel Market also known as Black Market on Monday, January 16, 2023, in Lagos Nigeria, after it opened at  ₦743 last week Monday, January 9, 2023.

Disclaimer: GLAMTUSH 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.