Black market dollar to naira exchange rate today 16 September 2022

Black market dollar to naira exchange rate today 16 September 2022 can be accessed below.

IDOMA VOICE reports that today’s dollar to naira Exchange rate at the black market and aboki fx. How much is the Dollar to Naira exchange rate today, 16th September 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.

Nigerians prefer to exchange foreign currency, particularly dollars to naira, on the black market since the conversion rate is much higher than what the bank offers.

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 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 September 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N711.00 per $1 at the parallel market otherwise known as the black market today Friday, 16 September 2022, in Lagos Nigeria, after it closed at N706.00 per $1 on Thursday, 15 September 2022.

Even though the dollar to naira opened in the parallel market at ₦711 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 report that on the black market, the players buy a dollar for N708 and sell for N711 on Friday morning, September 16, 2022, after they bought N703 and sold for N706 on Thursday, 15 September 2022.