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 ₦775 and the price can change (high or low) within hours.
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 23 dollar to naira black market exchange rate: $1 dollar to naira = ₦775
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 770 |
| Selling Rate | 775 |
The local currency opened at N775.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 23 November 2022, in Lagos Nigeria, after it closed at N780.00 per $1 on Tuesday, 22 November 2022.
Even though the dollar to naira opened in the parallel market at ₦775 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 N770 and sell for N775 on Wednesday morning, November 23, 2022, after they bought N775 and sold for N780 on Tuesday, 22 November 2022.
Meanwhile, Glamtush 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.
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