Naira Exchanges N737 For A Dollar Today 7 December 2022 At Black Market
The Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.
Naira has appreciated 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 N737/$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 ₦737 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 N737 to a dollar.
The Nigeria parallel market (black market dollar exchange rate today) according to Aboki Forex
Dec 7, USD to Naira black market exchange rate: $1 dollar to naira = ₦737
The local currency opened at N737.00 per $1 at the parallel market otherwise known as the black market today Wednesday 7 December 2022, on Aboki Forex, after it closed at N740.00 per $1 on Monday 5 December 2022.
Even though the dollar to naira opened in the parallel market at ₦737 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 N733 and sell for N737 on Wednesday morning, 7 December 2022. After they purchased N732 and sold for N740 on Monday 5 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.