Categories: Top Stories

Black Market Dollar To Naira Exchange Rate Today 3 January 2023

Black market dollar to naira exchange rate today 3 January 2023 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 ₦737 and ₦741 and the price can change (high or low) within hours.

Advertisement

News One has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

Advertisement

January 3 dollar to naira official market exchange rate: $1 dollar to naira =₦448.3028

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

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 N448.3028 per dollar on Tuesday, 3 January 2023, after it closed at N447.3465 per $1 on Monday, 2 January 2023. This represents a change of 0.9%.

Advertisement

Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.

Advertisement

Advertisement

1 USD = 448.3028 NGN
1 Dollars = 448.3028 Nigerian Naira
The USDNGN rate as of 3 Jan 2023

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 RATES January 3, 2023 (BLACK MARKET): dollar to naira exchange rate today black market.

Advertisement

dollar to naira exchange rate

January 3 dollar to naira black market exchange rate: $1 dollar to naira = ₦741

Lagos parallel market (black market dollar exchange rate today)

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 737
Selling Rate 741

The local currency opened at N741.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 3 January 2023, in Lagos Nigeria, after it closed at N741.00 per $1 on Monday, 2 January 2023.

Advertisement

Even though the dollar to naira opened in the parallel market at ₦741 per $1 todayNewsone reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apexbank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Advertisement

CBN Governor, Godwin Emefiele.

News One Nigeria reports that at the black market, the players buy a dollar for N737 and sell for N741 on Tuesday morning, January 3, 2023, after they bought N737 and sold for N741 on Monday, 2 January 2023.

Meanwhile, News One Nigeria reports that the USD started this week at ₦741 in Parallel Market also known as Black Market on Monday, January 2, 2023, in Lagos Nigeria, after it opened at ₦745 last week Monday, December 26, 2022.

Disclaimer: CITYNEWS NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Advertisement

Sola Adeyemo

Recent Posts

Senate Approves Tinubu’s $2.2bn Loan Request

The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially…

7 hours ago

2023 Presidential Poll Not Rigged – Okupe To Peter Obi

A former presidential spokesman, Doyin Okupe has dismissed claims by Peter Obi of the Labour…

7 hours ago

Ohanaeze Ndigbo Reveals Speaks On What Simon Ekpa’s Arrest Means For Igbo Nation

Leading Igbo Socio-cultural Organisation, Ohanaeze Ndigbo, has commended the arrest of self-acclaimed Biafra Prime Minister,…

7 hours ago

Car Dealer Surprises Davido With Brand New Escalade To Celebrate His Birthday

    A car dealer has gifted Nigerian singer Davido a new vehicle for his birthday.  …

14 hours ago

PDP Crisiss: Damagum Holds Closed-Door Meeting With State Chairmen

There is palpable tension in the Peoples Democratic Party (PDP) after the acting National Chairman…

14 hours ago

Reevaluate your economic policies….they have worsened lives of Nigerians – ACF tells President Tinubu

The Arewa Consultative Forum says the policies of the President Bola Tinubu-led administration has worsened…

14 hours ago