Naira Plunges to N1600 to $1 Under Tinubu's Watch
Black Market Dollar to Naira Exchange Rate Today, May 11, 2023, Can Be Accessed Below
Please note that the exchange rate changes hourly. It depends on the volume of dollars available and the demand.
It means that you can buy or sell one dollar at N746 the price (high or low) can change within hours.
The naira against the dollar today Thursday, May 11 exchanging N462.50 at the investors’ and exporters’ window.
How much is the exchange rate of the Dollar to the Naira on the black market today?
The Nigeria parallel market (black market dollar exchange rate today) for the Lagos market (Aboki Forex).
Today’s parallel market rates in Lagos: on Monday May 11. The Dollar to the Naira exchange rate on the black market is N746 to $1.
The black market exchange rate for the Dollar to the Naira is $1 = N746
Buying Rate: 743
Selling Rate: 746
The local currency opened at N746.00 per $1 at the parallel market. Otherwise known as the black market, today, Thursday May 11 2023, in Lagos, Nigeria. After it closed at N745.00 per $1 on Monday, April 3, 2023.
Even though the naira to dollar exchange rate opened in the parallel market at N746 per $1 today.
Iexclusivenews reports that the Central Bank of Nigeria (CBN) does not recognize 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.
Iexclusivenews reports that on the black market, the players buy a dollar for N743 and sell it for N746 on Thursday May 11 2023. After having purchased N737 and sold it for N740 on Monday, May 11, 2023.
However, iexclusivenews Nigeria reports that the USD started this week at N740 in the parallel market, also known as the black market, on Monday, May 11 2023, in Lagos, Nigeria. After it opened at N735 last week Monday, mayy 1, 2023.
Disclaimer: iexclusivenews Nigeria does not determine or set currency exchange 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 online media outlets.
The rates at which you buy or sell forex may differ from what is captured in this article.
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