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 ₦740 and the price can change (high or low) within hours.
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 735 |
| Selling Rate | 740 |
The local currency opened at N740.00 per $1 at the parallel market otherwise known as the black market today Friday, December 9, 2022.
Even though the dollar to naira opened in the parallel market at ₦740 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 N735 and sell for N740 on Friday morning, 9 December 2022, after they bought N740 and sold for N735 on Thursday, December 8, 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦740 in Parallel Market also known as Black Market on Monday, 5 November 2022, in Lagos Nigeria, after it opened at ₦770 last week Monday, November 28, 2022.
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