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Black market dollar to naira exchange rate today 5 January 2023

by Ameh Jazzia-Becky
January 5, 2023
in Business, Top Headline
Exchange rate: Naira crashes against Dollar

Black market dollar to naira today 5 January 2023, Aboki dollar rate can be accessed below.

IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at  ₦745 and ₦740, 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.

January 4 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 740
Selling Rate 745

The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Thursday, 5 January 2023, in Lagos Nigeria, after it closed at N745 per $1 on Wednesday, 4 January 2023.

Even though the dollar to naira opened in the parallel market at N745 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.

ALSO READ:  Black market dollar to naira exchange rate today 27 January 2023

IDOMA VOICE reports that in the black market, the players buy a dollar for N740 and sell for N745 on Thursday morning, January 5, 2023, after they purchased N738 and sold for N742 on Wednesday, 4 January 2023.

Meanwhile, IDOMA VOICE reports that the USD started this week at ₦741 in Parallel Market also known as Black Market on Monday, January 2, 2023, in Lagos Nigeria, after it opened at  ₦745 last week Monday, December 26, 2022.

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