How Much is Dollar to Naira in Black Market Today, August 1, 2023

Dollar to Naira in Black Market Today Tuesday August 1, 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 N875, the price (high or low) can change within hours.

How much is Dollar to Naira in exchange rate at the I&E window today?

The Dollar against the Naira today Tuesday August 1, 2023, exchanging N758.02 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 Tuesday August 1, 2023. The Dollar to the Naira exchange rate on the black market at 3.50pm is N875 to $1.

The black market exchange rate for the Dollar to the Naira is $1 = N875

Dollar to Naira (NGN to USD) Black Market Exchange Rate Today

Buying Rate: 870

Selling Rate: 875

The local currency opened at N875.00 per $1 at the parallel market. Otherwise known as the black market, today, Tuesday August 1, 2023, in Lagos, Nigeria.

For the last 7 days, between 24/07/2023 and 31/07/2023, Dollar to Naira black market sell rate took values between ₦850 and ₦877 with an average of ₦868.30.

However, when we compare yesterday’s (31/07/2023) values with the last 7 days, average Dollar to Naira rate had a 0.3 points decrease from ₦868.30 to ₦868.00 which corresponds to a 0.03% fall.

Even though the Dollar to Naira exchange rate opened in the parallel market at N870 per $1 today.

iexclusivenews reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the Black Market Exchange Rate Today August 1, 2023

Dollar to Naira in Black Market Today, August 1, 2023

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 N870 and sell it for 875 on Tuesday August 1, 2023.

However, iexclusivenews Nigeria reports that the USD started this week at N875 in the parallel market, also known as the black market, on Tuesday, August 1, 2023, in Lagos, Nigeria.

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.