Naira Plunges to N1600 to $1 Under Tinubu's Watch
Black Market Dollar to Naira Exchange Rate Today, May 12, 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 N747 the price (high or low) can change within hours.
How much is Naira to Dollar exchange rate at the I&E window today?
The naira against the dollar today Friday, May 12 exchanging N461.03 at the investors’ and exporters’ window.
The Nigeria parallel market (black market dollar exchange rate today) for the Lagos market (Aboki Forex).
Today’s parallel market rates in Lagos: on Friday May 12 . The Dollar to the Naira exchange rate on the black market is N747 to $1.
The black market exchange rate for the Dollar to the Naira is $1 = N747
Buying Rate: 744
Selling Rate: 747
The local currency opened at N747.00 per $1 at the parallel market. Otherwise known as the black market, today, Friday May 12 2023, in Lagos, Nigeria. After it closed at N746.00 per $1 on Thursday, May 11, 2023.
Even though the naira to dollar exchange rate opened in the parallel market at N747 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 N744 and sell it for N747 on Friday May 12 2023. After having purchased N743 and sold it for N746 on Thursday, 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 8 2023, in Lagos, Nigeria. After it opened at N735 last week Monday, may 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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