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Naira Exchanges N805 For A Dollar Today 16 November 2022 At Black Market

The Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.

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Naira Exchanges N805 For A Dollar Today 16 November 2022 At Black Market

Naira has depreciated again over the US 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 N805/$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 ₦805 and the price can change (high or low) within hours.

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

iexclusivenews reports that checks on Aboki Forex Wednesday showed the current parallel market rate at N805 to a dollar.

The Nigeria parallel market (black market dollar exchange rate today) according to Aboki Forex

November 16, USD to Naira black market exchange rate: $1 dollar to naira = ₦805

The local currency opened at N805.00 per $1 at the parallel market otherwise known as the black market today Wednesday 16 November 2022, on Aboki Forex, after it closed at N800.00 per $1 on Tuesday 15 November 2022.

Even though the dollar to naira opened in the parallel market at ₦805 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 N800 and sell for N805 on Wednesday morning, 16 November, 2022. After they purchased N790 and sold for N800 on Monday 15 November 2022.

Meanwhile, iexclusivenews Nigeria reports that the USD started this week at ₦765 in Parallel Market also known as Black Market on Monday, 14 November 2022, in Lagos Nigeria, after it opened at ₦700 last week Friday, 11 November 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.