BREAKING: Naira Appreciates N649 To A Dollar At Black Market 

Naira has appreciated over Dollar at the black market and the new exchange rate can be accessed below.

iexclusivenews reports that Naira has gained against the U.S dollar exchanging at N649/$1 a few days after it crashed N710/$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 ₦649 and the price can change (high or low) within hours.

How much is the exchange rate of Dollar to Naira in Black Market today?

iexclusivenews reports that checks on Aboki Forex Tuesday showed the current parallel market rate gained at N649 to a dollar.

The Nigeria parallel market (black market dollar exchange rate today) according to Aboki Forex

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August 5, USD to Naira black market exchange rate: $1 dollar to naira = ₦649

The local currency opened at N649.00 per $1 at the parallel market otherwise known as the black market today Friday, 5 August 2022, on Aboki Forex, after it closed at N700.00 per $1 on Monday, 1 August 2022.

Even though the dollar to naira opened in the parallel market at ₦649 per $1 today.

The Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.

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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 N645 and sell for N649 on Friday morning, August 5, 2022. After they bought N700 and sold for N710 on Wednesday, 27 July 2022.

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Meanwhile, iexclusivenews Nigeria reports that the USD started this week at ₦658 in Parallel Market also known as Black Market on Monday, 25 July 2022, in Lagos Nigeria, after it opened at ₦615 last week Monday, 18 July 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.