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Black Market Dollar To Naira Today 27th September 2023

Black market dollar to naira exchange rate today 27 September 2023, Aboki dollar rate can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at a certain rate and the price can change (high or low) within hours.

How much is the Black market dollar to naira exchange rate today?

The local currency opened at N1,000.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 27 September 2023, in Lagos Nigeria, after it closed at N995.00 per $1 on Tuesday, 26 September 2023.

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying RateN995
Selling RateN1,000

Even though the dollar to naira opened in the parallel market at ₦1,000 per $1 today, TheTimes 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.

TheTimes Nigeria reports that in the black market, the players buy a dollar for N995 and sell for N1,000 on Wednesday, 27 September 2023, after they purchased at N990 and sold for N995 on Tuesday, 26 September 2023.

Meanwhile, TheTimes Nigeria reports that the USD started this week at ₦995 in Parallel Market also known as Black Market on Monday, September 25, 2023, in Lagos Nigeria, after it opened at  ₦965 last week Monday, September 18, 2023.

Disclaimer: NEWSONE 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.

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