Naira to Dollar Black Market Exchange Rate Today, February 7, 2023

Naira to Dollar Black Market Exchange Rate Today, February 7, 2023, Can Be Accessed Below

Please note that the exchange rate changes hourly. It depends on the volume of dollars available and demand.

This means that you can buy or sell one dollar at N751; the price (high or low) can change within hours.

How much is the Naira to dollar exchange rate on the black market today? 

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: for the Lagos market (Aboki Forex).

Today’s parallel market rates in Lagos: on February 7. The black market exchange rate for the naira to the dollar was $1 = N751

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

Buying Rate: 747

Selling Rate: 751

The local currency opened at N751.00 per $1 on the parallel market. Otherwise known as the black market, today, Tuesday, February 7, 2023, in Lagos, Nigeria. After it closed at N755.00 per $1 on Monday, February 6, 2023.

Even though the naira to dollar exchange rate opened in the parallel market at N751 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 N751 on Tuesday February 7, 2023. After having purchased N752 and sold it for N755 on Monday, February 6, 2023.

However, iexclusivenews Nigeria reports that the USD started this week at N755 on the parallel market. Also known as the black market, on Monday, February 6, 2023, in Lagos, Nigeria. After it opened at N757 last week Friday, February 3, 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.