Black Market Dollar to Naira Exchange Rate Today, May 31, 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 N745 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 Wednesday, May 31, 2023, exchanging N460.45 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 Wednesday May 31 . The Dollar to the Naira exchange rate on the black market is N745 to $1.
The black market exchange rate for the Dollar to the Naira is $1 = N745
Naira to Dollar (NGN to USD) Black Market Exchange Rate Today
Buying Rate: 742
Selling Rate: 745
The local currency opened at N745.00 per $1 at the parallel market. Otherwise known as the black market, today, Wednesday May 31, 2023, in Lagos, Nigeria. After it closed at N763.00 per $1 on Tuesday, May 31, 2023.
Even though the naira to dollar exchange rate opened in the parallel market at N745 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 N742 and sell it for N745 on Wednesday May 31, 2023. After having purchased N760 and sold it for N763 on Tuesday, May 30, 2023.
However, iexclusivenews Nigeria reports that the USD started this week at N770 in the parallel market, also known as the black market, on Monday, May 29 2023, in Lagos, Nigeria. After it opened at N740 on Tuesday, may 30, 2023.
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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