Categories: News

Black Market Dollar To Naira Exchange Rate Today 8th November 2022

Black market dollar to naira exchange rate today 8th November 2022, Aboki dollar rate can be accessed 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 ₦870 and the price can change (high or low) within hours.

Advertisement

How much is the exchange rate of Dollar to Naira in Black Market today? See Dollar To Naira Exchange Rate Tuesday 8th November below.

 

Advertisement

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 black market.

Advertisement

November 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦870

 

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 865
Selling Rate 870

The local currency opened at N870.00 per $1 at the parallel market otherwise known as the black market today Tuesday, November 8, 2022.

Advertisement

 

Even though the dollar to naira opened in the parallel market at ₦870 per $1 todayNewsOnline 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

Advertisement

is the only known exchange. 

Advertisement

 

NewsOnline reports that on the black market, the players buy a dollar for N865 and sell for N870 on Tuesday morning, November 8, 2022, after they bought N865 and sold for N870 on Monday, November 7, 2022.

Advertisement

 

Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦870 in Parallel Market also known as Black Market on Monday, 7 November 2022, in Lagos Nigeria, after it opened at ₦800 last week Monday,  October 24, 2022.

Advertisement

 

According to reports, the naira is currently under high selling pressure in the black market following the Central Bank of Nigeria’s (CBN) announcement that the newly redesigned naira notes would start circulating in the economy from December 15, 2022.

Advertisement

 

This online news observed that since the apex bank made this announcement last week, the naira has fallen from its initial record low of N765/$1, losing over N53 in barely six days, further piling pressure on the local currency.

Advertisement
Sola Adeyemo

Recent Posts

BREAKING: Tinubu govt drops treason charges against EndBadGovernance protesters

  The Federal High Court in Abuja has dismissed the treason charges brought against the…

3 hours ago

#USRoadToWhiteHouse2024: Trump-Harris polls remain tied in battleground states…

What to know about the end of the #USElection2024 campaign The most recent polling analysis…

3 hours ago

#USElection2024 Live Updates: Trump Vs Harris…Latest Results…Latest Polls

#US election 2024 Live Updates:  What you need to know about USelection2024 latest polls •…

3 hours ago

Prince Harry and Meghan Markle pursue separate projects

A royal commentator suggests that Prince Harry and Meghan Markle are taking separate paths in…

5 hours ago

#USElection2024: Trump, Harris close campaign in swing states on eve of deadlocked election

PHILADELPHIA/GRAND RAPIDS, Michigan (Reuters) -Donald Trump and Kamala Harris both predicted victory as they campaigned…

5 hours ago

‘He’s With Us’, EFCC Confirms Ex-Gov Okowa’s Arrest Over N1.3trn Diversion

The Economic and Financial Crimes Commission (EFCC) arrested Ifeanyi Okowa, the immediate past governor of…

5 hours ago