Dollar to Naira in Black Market Today, July 18, 2023

Dollar to Naira in Black Market Today, July 18, 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 N800, and the price (high or low) can change within hours.

The Dollar against the Naira today Tuesday, July 18, 2023, is exchanging N772.81 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 18, 2023. The Dollar to the Naira exchange rate on the black market at 3.50 pm is N825 to $1.

The black market exchange rate for the Dollar to the Naira is $1 = N825

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

Buying Rate: 820

Selling Rate: 825 

The local currency opened at N825.00 per $1 at the parallel market. Otherwise known as the black market, today, Tuesday, July 18, 2023, in Lagos, Nigeria.

When we check the last 7 days, between 10/07/2023 and 17/07/2023, we see that Dollar to Naira black market rate had values between ₦790 and ₦825 with the average ₦806.00.

Meanwhile, when we compare last week’s numbers with today’s (18/07/2023) rate, the average Dollar to Naira rate saw a 19 points increase from ₦806.00 to ₦825.00 which equals a 2.36% rise.

Even though the Dollar to Naira exchange rate opened in the parallel market at N825 per $1 today.

iexclusivenews reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market

Dollar Black Market Exchange Rate Today, Tuesday, July 18, 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 N820 and sell it for N825 on Tuesday, July 18, 2023.

However, iexclusivenews Nigeria reports that the USD started this week at N800 in the parallel market, also known as the black market, on Monday, July 10, 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.

The rates at which you buy or sell forex may differ from what is captured in this article.