Black market dollar to naira exchange rate today 16 October 2022

Black market dollar to naira exchange rate today 16th October 2022, Aboki dollar rate 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 ₦742 and the price can change (high or low) within hours.

How much is the exchange rate of Dollar to Naira in Black Market 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.

October 16th dollar to naira black market exchange rate: $1 dollar to naira = ₦745

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 742
Selling Rate 745

The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Sunday, 16th October 2022, in Lagos Nigeria, after it closed at N745.070 per $1 on Friday, 14th October 2022.

Even though the dollar to naira opened in the parallel market at ₦734 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.

IDOMA VOICE reports that in the black market, the players buy a dollar for N742 and sell for N745 on Sunday, October 16, 2022, after they bought N740 and sold for N745 on Saturday, 15th October 2022.

Meanwhile, IDOMA VOICE reports that the USD started this week at ₦734 in Parallel Market also known as Black Market on Monday, October 10, 2022, in Lagos Nigeria, after it opened at  ₦742 last week Monday, October 3, 2022.

Attah Aaron

Attah Aaron has spent over six years with Idoma Voice. He writes on religion and health.

Recent Posts

BREAKING: Bishop David Abioye announces new ministry, holds programme in Abuja stadium

Few weeks after his resignation from Living Faith Church, Bishop David Abioye is set to…

6 hours ago

Danny Jordaan: South African FA president arrested on fraud charges

Danny Jordaan, president of the South African Football Association (SAFA), was arrested and charged on…

11 hours ago

Edo: Gov Okpebholo sacks perm secs, dissolves boards cabinet reshuffle

Just 24 hours after being sworn in as Governor of Edo State, Senator Monday Okpebholo…

12 hours ago

Troops foil bandit attack in Taraba, recover weapons

Troops of the Nigerian Army’s 93 Battalion, under Operation SAFE HAVEN, successfully thwarted a bandit…

12 hours ago

PDP National Chairmanship and the deluge Of Engr Utaan’s endorsements

By Sunday Bamidele The race for who emerges as the next National Chairman of Peoples…

14 hours ago

BREAKING: Petrol-laden tanker explodes in Jigawa

A fuel-laden tanker has caught fire in Jigawa State, located in North West Nigeria. The…

14 hours ago