Connect with us

Business

Naira Exchanges N680 To A Dollar Today 12 August 2022 At Black Market

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

Avatar photo

Published

on

Naira Exchanges N740 To A Dollar Today 5 October 2022 At Black Market

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

iexclusivenews reports that Naira has depreciated against the U.S dollar exchanging at N680/$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 ₦680 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 Thursday showed the current parallel market rate falls at N680 to a dollar.

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

August 8, USD to Naira black market exchange rate: $1 dollar to naira = ₦680

The local currency opened at N680.00 per $1 at the parallel market otherwise known as the black market today Friday, 12 August 2022, on Aboki Forex, after it closed at N685.00 per $1 on Thursday 11 August 2022.

Even though the dollar to naira opened in the parallel market at ₦680 per $1 today.

The Central Bank of Nigeria (CBN) does not recognise 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 Nigeria reports that on the black market according to Aboki Forex. The players buy a dollar for N676 and sell for N680 on Friday morning, August 12, 2022. After they bought 680 and sold for N685 on Thursday, 11 August 2022.

Meanwhile, iexclusivenews Nigeria reports that the USD started this week at ₦665 in Parallel Market also known as Black Market on Monday, 8 August 2022, in Lagos Nigeria, after it opened at ₦649 last week Friday, 5  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.