Black Market dollar to naira exchange rate today December 11, 2022, can be accessed below.
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 ₦743 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in Black Market today? Black Market Dollar To Naira Today December 11 2022:
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.
December 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦743
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 740 |
| Selling Rate | 743 |
The local currency opened at N743.00 per $1 at the parallel market otherwise known as the black market today Sunday, 11 December 2022, in Lagos Nigeria, after it closed at N745.00 per $1 on Saturday, 10 December 2022.
Even though the dollar to naira opened in the parallel market at ₦743 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 N740 and sell for N743 on Sunday morning, December 11, 2022, after they purchased N740 and sold for N745 on Saturday, 10 December 2022.
Meanwhile, News One Nigeria reports that the USD started this week at ₦740 in Parallel Market also known as Black Market on Monday, December 5, 2022, in Lagos Nigeria, after it opened at ₦775 last week Monday, November 28, 2022.
