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 ₦750 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.
December 12 dollar to naira black market exchange rate: $1 dollar to naira = ₦750
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 745 |
| Selling Rate | 750 |
The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Monday, December 12, 2022.
Even though the dollar to naira opened in the parallel market at ₦745 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 on the black market, the players buy a dollar for N745 and sell for N750 on Monday morning, 12 December 2022, after they bought N740 and sold for N735 on Sunday, December 11, 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, 12 December 2022, in Lagos Nigeria, after it opened at ₦730 last week Monday, December 05, 2022.
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