The Dollar to Naira Exchange Rate (USD/NGN) Nov. 14, 2022, within the Black Market is trickling in thick and fast and constantly altering on an hourly basis with demand and supply acting as the main driving force in rate determination.
How much is the exchange rate of Dollar to Naira in the Black Market today?
For answers to this and many related questions see the Dollar To Naira Rate for Monday 14th November below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦720 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in the Black Market today? See Dollar To Naira Exchange Rate Monday 14th November below.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today in the black market.
November 14 dollar to naira black market exchange rate: $1 dollar to naira = ₦720
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 715 |
| Selling Rate | 720 |
The local currency opened at N720.00 per $1 at the parallel market otherwise known as the black market today Monday, November 14, 2022.
Even though the dollar to naira opened in the parallel market at ₦720 per $1 today. The Central Bank of Nigeria (CBN) does not recognize 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.
Black market exchange rates
In the black market, the players currently buy a dollar for N715 and sell for N720 on Monday morning, November 14, 2022, after they bought N690 and sold for N700 on Sunday, November 13, 2022.
READ: BoG Exchange rates for Monday 14th November
Meanwhile, Nigeria reports that the USD started this week at ₦720 in Parallel Market also known as Black Market on Monday, 14 November 2022, in Lagos Nigeria, after it opened at ₦870 last week Monday, November 7, 2022.