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Black market dollar to naira exchange rate today 5 November 2022
Black market dollar to naira exchange rate today 5th November 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 ₦895 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.
November 5th dollar to naira black market exchange rate: $1 dollar to naira = ₦895
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 890 |
| Selling Rate | 895 |
The local currency opened at N895.00 per $1 at the parallel market otherwise known as the black market today Saturday, November 5, 2022
Even though the dollar to naira opened in the parallel market at ₦895 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 on the black market, the players buy a dollar for N890 and sell for N895 on Saturday morning, November 5, 2022, after they bought N865 and sold for N880 on Friday, November 4, 2022.
Meanwhile, IDOMA VOICE reports that the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, 24 October 2022, in Lagos Nigeria, after it opened at ₦735 last week Monday, October 17th, 2022.
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