Black Market Dollar To Naira Exchange Rate Today Monday, 7 March 2022

By Thomas Tommy

Dollar to Naira Black Market exchange rate: Here is the current Dollar to Naira rate today. See CBN & Dollar To Naira Black Market Rate Today, the black market for Dollar to naira Aboki fx. You can change your Dollar to naira at these rates or convert your Dollar to naira at the latest black market rate otherwise known as the parallel market.

So many Nigerians prefer to exchange their foreign currencies, especially the US Dollar to naira using the black market due to the high exchange rate compared to what the Nigerian Banks offer.

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If you want to know the current black market rate, here is the page to find that.

How Much Is Dollar To Naira Exchange Rate Today CBN Rate?

Current Dollar to Naira CBN Rate today

You can access both the Dollar To Naira CBN Rate Today and Dollar to Naira Black Market rate Today below

March 7, dollar to naira CBN exchange rate: $1 dollar to naira =₦ 417.25 Nigerian Naira

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦416.46 per dollar Today Monday, March 7, 2022, after it closed at ₦415.96 per $1 on Friday, 4 March 2022. This represents a change of 0.16%.

Notably, the CBN dollar to naira rate buy dollar at ₦ 415.96 and sell at the rate of ₦416.46.

Black Market Dollar To Naira Exchange Rate Today Monday, 7 March 2022

Black Market Dollar To Naira today, March 7 = ₦580 per $1

Even though the dollar to naira opened in the parallel market at ₦580 per $1 today, 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.

How much is exchange rate of Dollar to Naira in Black Market today?

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 (black market dollar to Naira exchange rate today)

The local currency opened at N580.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 7 March 2022, in Lagos Nigeria, after it closed N579.00 per $1 on Sunday, 6 March 2022.

Black Market Dollar To Naira

The local currency opened at N580.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 7 March 2022, in Lagos Nigeria, after it closed N579.00 per $1 on Sunday, 6 March 2022.

Abuja Black Market Dollar To Naira – Abuja Black Market Forex

In a similar vein, in the Abuja Black Market where Forex is traded, players confirmed that they buy USD at the rate of N575 and sell back at the rate of N580.

The table below shows the latest black market rate of the U.S Dollar To Naira, European Euro to Naira, and Great Britain Pounds To Naira.

Date Currency Selling (NGN) Buying(NGN)
March 7, 2022 US DOLLAR 580 575
March 7, 2022 POUNDS STERLING 780 776
March 7, 2022 EURO 648 642

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