Daily Black Market Dollar to Naira Exchange Rate Tracker, 21 December 2023 in Nigeria can be accessed below.

Daily Black Market Dollar to Naira Exchange Rate Tracker, 21 December 2023 in Nigeria can be accessed below.

 

Live Gist Media reports has obtained the official Naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at ₦1,230 and sell it at ₦1,250however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market) and Abuja (FCT Black Market Rates).

Daily Black Market Dollar To Naira Exchange Rate Tracker, 21 December 2023

 

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

                                       

Selling Rate 1,250         Buying Rate 1,230

 

The local currency opened at N1,250 per $1 at the parallel market otherwise known as the black market today Thursday, 21 December 2023, in Lagos Nigeria, after it closed at N1250 per $1 on Wednesday, 20 December 2023.

Even though the dollar to naira opened in the parallel market at ₦1250 per $1 today, Newsonline 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.

 

Live Gist Media reports that in the black market, the players buy a dollar for N1230 and sell for N1,250 on Thursday, 21 December 2023.

CBN official dollar to naira exchange rate today

 Nigerian naira further appreciated against the dollar on Tuesday, 19th December 2023, closing at N844.85/$1 at the official market.    

The domestic currency appreciated 5.15% to close at N888.35/$1 to a dollar at the close of business on Tuesday, data from the NAFEM where forex is officially traded, showed.    

 

This represents an N43.5 gain or a 5.15% increase in the local currency compared to the N888.35 it closed on Monday.    

 

The intraday high recorded was N1189.12/$1, while the intraday low was N720/$1, representing a wide spread of N469.12/$1.    

 

According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $111.76 million, representing an 18.91% decrease compared to the previous day.    

 

Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦1,250 in Parallel Market also known as Black Market on Monday, 18 December 2023, in Lagos Nigeria, after it opened at ₦1200 last week Monday, 11 December 2023.