Dollar to Naira Black Market Exchange Rate Today, March 16, 2023

Dollar to Naira Black Market Exchange Rate Today, March 16, 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 N750; the price (high or low) can change within hours.

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 Thursday March 16. The Dollar to the Naira exchange rate on the black market is N750 to $1.

The black market exchange rate for the Dollar to the Naira is $1 = N750

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

Buying Rate: 747

Selling Rate: 750

The local currency opened at N750.00 per $1 at the parallel market. Otherwise known as the black market, today, Thursday, March 16, 2023, in Lagos, Nigeria. After it closed at N750.00 per $1 on Wednesday, March 15, 2023.

Even though the naira to dollar exchange rate opened in the parallel market at N750 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 N747 and sell it for N750 on Thursday March 16 2023. After having purchased N745 and sold it for N750 on Tuesday, March 14, 2023.

However, iexclusivenews Nigeria reports that the USD started this week at N752 in the parallel market, also known as the black market, on Monday, March 13, 2023, in Lagos, Nigeria. After it opened at N751 last week Friday, March 10, 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.