On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.
How much is the exchange rate of Dollar to Naira in Black Market today?
The local currency opened at N706.00 per $1 at the parallel market otherwise known as the black market today Monday, 12 September 2022, in Lagos Nigeria, after it closed at N705.00 per $1 on Sunday, 11 September 2022.
Even though the dollar to naira opened in the parallel market at ₦706 per $1 today, IDOMA VOICE 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.
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