Connect with us

Business

Naira Exchanges N712 To A Dollar Today 19 September 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 N719 To A Dollar Today 23 September 2022 At Black Market

Naira has crashed 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 N712/$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 ₦712 and the price can change (high or low) within hours.

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

iexclusivenews reports that checks on Aboki Forex Monday showed the current parallel market rate at N712 to a dollar.

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

September 19, USD to Naira black market exchange rate: $1 dollar to naira = ₦712

The local currency opened at N712.00 per $1 at the parallel market otherwise known as the black market today Monday 19 September 2022, on Aboki Forex, after it closed at N712.00 per $1 on Friday 16 September 2022.

Even though the dollar to naira opened in the parallel market at ₦712 per $1 today.

The Central Bank of Nigeria (CBN) does not recognize the parallel market, 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 N710 and sell for N712 on Monday morning, September 19, 2022, after they purchased 709 and sold for N712 on Friday 16 September 2022.

Meanwhile, iexclusivenews Nigeria reports that the USD started this week at ₦712 in Parallel Market also known as Black Market on Monday, 19 September 2022, in Lagos Nigeria, after it opened at ₦712 last week Friday, 2  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.