Dollar (USD) to Naira Black Market Exchange Rate Today – 7th November 2022

Naira Black Market Exchange Rate Today

Monday 7th November 2022, This is the news about the Dollar to Naira rate at the official and black market exchange rates.

Read CREEBHILLS’s update on the official dollar rate in Nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today’s Official Rate?

The official rate today, Monday, November 7, 2022, for $1 dollar to naira = N445.5/$1
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at N445.5/$1 on Monday, after it closed at N442.88/$1 on Friday, 4th November 2022.

The dollar-to-naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N870 and sell at N890 on Monday, 7, November 2022 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 870
Selling Rate 890


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