What is the exchange rate for U.S. dollars and Nigerian naira in the parallel market, commonly known as the black market (Aboki fx)? See below for today's.
You can convert your dollars to naira at these rates, or you can convert your dollars to naira at the most recent official CBN rate, black market rate, or parallel market rate. How much is the dollar-to-naira exchange rate today, Friday, November 11, 2022? Dollar prices on the black market are usually higher than those set by the Central Bank of Nigeria (CBN). Almost always, these prices are less expensive than those on the black/parallel market. What is the exchange rate for U.S. At current exchange rates, you may convert dollars to naira.
The exchange rate between the naira and US dollar appreciated to N710/$1 on Friday morning, November 11, in Lagos state.
A currency trader at Victoria Island, simply identified as Musa, stated that he is currently buying the local currency at N700 per dollar and selling it for N740 per dollar on Friday morning. I have not yet sold anything today. Bureaux De Change operators (BDCs) in the Ikeja area of Lagos state, while speaking on the development, stated that the buying rate of the greenback at N700 and the selling price at N710 per dollar, leaving an N10 profit margin.