Black Market Dollar To Naira Today 19th August 2023

Black market dollar to naira exchange rate today 19th August 2023, Aboki dollar rate can be accessed below.

How much is the Black market dollar to naira exchange rate today?

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.

August 19 dollar to naira black market exchange rate: $1 dollar to naira = ₦855

The local currency opened at N855 per $1 at the parallel market otherwise known as the black market today Saturday, 19 August 2023, in Lagos Nigeria, after it closed at N855 per $1 on Friday, 18 August 2023.

Even though the dollar to naira opened in the parallel market at ₦855 per $1 today, NewsOnline Nigeria 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 N850 and sell for N855 on Saturday, 19 August 2023.

Meanwhile, the USD started this week at ₦865 in Parallel Market also known as Black Market on Monday, August 14, 2023, in Lagos Nigeria, after it opened at  ₦860 last week Monday, August 7, 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.