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Naira Exchanges N740 For A Dollar Today 5 December 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 to Dollar Black Market Exchange Rate Today, January 10, 2023

Naira has deppreciated 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 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.

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

iexclusivenews reports that checks on Aboki Forex Monday showed the current parallel market rate at N740 to a dollar.

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

Dec, USD to Naira black market exchange rate: $1 dollar to naira = ₦740

The local currency opened at N740.00 per $1 at the parallel market otherwise known as the black market today Monday 5 December 2022, on Aboki Forex, after it closed at N735.00 per $1 on Friday 2 December 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 N732 and sell for N740 on Monday morning, 5 December 2022. After they purchased N725 and sold for N735 on Friday 2 December 2022.

Meanwhile, iexclusivenews Nigeria reports that the USD started last week at ₦775 in Parallel Market also known as Black Market on Monday, 28 November 2022, in Lagos Nigeria, after it opened at ₦735 last week Friday, 2 December 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.