Naira to Dollar Black Market Exchange Rate Today, January 31, 2023

Naira to Dollar Black Market Exchange Rate Today, January 31, 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 naira to the dollar on the black market today?

Dollars on the black market converted into Nigerian naira

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 Tuesday January 31. The naira to the dollar exchange rate on the black market. The black market exchange rate for the naira to the dollar was $1 = N750

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

Buying Rate           745

Selling Rate           750

The local currency opened at N750.00 per $1 at the parallel market, otherwise known as the black market, today, Tuesday, January 31, 2023, in Lagos, Nigeria. After it closed at N754.00 per $1 on Monday, January 30, 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 N740 and sell it for N750 on January 31, 2023. After having purchased N750 and sold it for N754 on Monday, January 30, 2023.

However, iexclusiveNews Nigeria reports that the USD started this week at N754 in the parallel market, also known as the black market, on Monday, January 30, 2023, in Lagos, Nigeria. After it opened at N755 last week Friday, January 27, 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.