Brand News Day Nigeria has obtained the official US Dollar to Naira exchange rate today in Nigeria, including the Black Market rate, Bureau De Change (BDC) rate, and the CBN dollar to Naira rate Today Monday, March 7, 2022.
Dollar to Naira Black Market exchange rate: Here is the current Dollar to Naira rate today. See CBN & Dollar To Naira Black Market Rate Today, the black market for Dollar to naira Aboki fx. You can change your Dollar to naira at these rates or convert your Dollar to naira at the latest black market rate otherwise known as the parallel market.
So many Nigerians prefer to exchange their foreign currencies, especially the US Dollar to naira using the black market due to the high exchange rate compared to what the Nigerian Banks offer.
If you want to know the current black market rate, here is the page to find that.
You can access both the Dollar To Naira CBN Rate Today and Dollar to Naira Black Market rate Today below
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦416.46 per dollar Today Monday, March 7, 2022, after it closed at ₦415.96 per $1 on Friday, 4 March 2022. This represents a change of 0.16%.
Notably, the CBN dollar to naira rate buy dollar at ₦ 415.96 and sell at the rate of ₦416.46.
Even though the dollar to naira opened in the parallel market at ₦580 per $1 today, BrandNewsDay Nigeria 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.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The local currency opened at N580.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 7 March 2022, in Lagos Nigeria, after it closed N579.00 per $1 on Sunday, 6 March 2022.
The local currency opened at N580.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 7 March 2022, in Lagos Nigeria, after it closed N579.00 per $1 on Sunday, 6 March 2022.
In a similar vein, in the Abuja Black Market where Forex is traded, players confirmed that they buy USD at the rate of N575 and sell back at the rate of N580.
| Date | Currency | Selling (NGN) | Buying(NGN) |
March 7, 2022 | US DOLLAR | 580 | 575 |
March 7, 2022 | POUNDS STERLING | 780 | 776 |
March 7, 2022 | EURO | 648 | 642 |
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