Business & Economy
Black Market Dollar To Naira Exchange Rate Today 26 January 2023
Black market dollar to naira exchange rate for today 26 January 2023, Aboki dollar rate can be accessed below.
NewsOnline reports that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N750 and sell at N755 on Thursday 26 January 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N755 |
The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26 January 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Wednesday, 25 January 2023.
Even though the dollar to naira opened in the parallel market at ₦746 per $1 today, News Online reports that 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.
NewsOnline Nigeria reports that in the black market, the players buy a dollar for N750 and sell for N755 on Thursday morning, January 26, 2023, after they purchased N750 and sold for N755 on Wednesday, 25 January 2023.
Meanwhile, News Online reports that the USD started this week at ₦755 in Parallel Market also known as Black Market on Monday, January 23, 2023, in Lagos Nigeria, after it opened at ₦743 last week Monday, January 16, 2023.
Disclaimer: NEWS ONLINE 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 online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
