Naira has depreciated over a Dollar at the black market and the new exchange rate can be accessed below.
iexclusivenews reports that Naira has depreciated against the U.S dollar exchanging at N740/$1 on the exchange platform Aboki Forex.
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 ₦740 and the price can change (high or low) within hours.
iexclusivenews reports that checks on Aboki Forex Monday showed the current parallel market rate at N740 to a dollar.
[the_ad id=”41670″]
The Nigeria parallel market (black market dollar exchange rate today) according to Aboki Forex
The local currency opened at N740.00 per $1 at the parallel market otherwise known as the black market today Wednesday 5 October 2022, on Aboki Forex, after it closed at N735.00 per $1 on Friday 30 September 2022.
Even though the dollar to naira opened in the parallel market at ₦740 per $1 today.
The Central Bank of Nigeria (CBN) does not recognize the parallel market, 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.
iexclusivenews Nigeria reports that on the black market according to Aboki Forex. The players buy a dollar for N737 and sell for N740 on Wednesday morning, October 5, 2022, after they purchased 730 and sold for N735 on Friday 30 September 2022.
[the_ad id=”41670″]
Meanwhile, iexclusivenews Nigeria reports that the USD started this week at ₦742 in Parallel Market also known as Black Market on Monday, 3 October 2022, in Lagos Nigeria, after it opened at ₦735 last week Friday, 30 September 2022.
Disclaimer: iexclusivenews Nigeria does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC
Parallel market rates (black market rates) are obtained from various sources including Aboki Forex and online media outlets.
(iexclusivenews) - The Nigerian entertainment scene is ablaze with controversy as rapper N6 adds fuel…
ABUJA, (iexclusivenews) - As the 65th Ordinary Session of the Economic Community of West African…
(iexclusivenews) - In a landmark ruling that underscores the importance of government accountability, a Federal…
(iexclusivenews) - In a heart-stopping Euro 2024 quarter-final match, the Netherlands staged a remarkable comeback…
(iexclusivenews) - In a bold move that has sent shockwaves through West African geopolitics, the…
(iexclusivenews) - In a landmark moment for Iranian politics, reformist candidate Masoud Pezeshkian has emerged…