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Home Forex

Dollar To Naira Exchange Rate Today 19th January 2023(Black Market)

BizPoint by BizPoint
January 19, 2023
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Black market Dollar to Naira today 19th January 2023 – Aboki fx rate, can be accessed below.

The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦744 and ₦746, and the price can change (high or low) within hours.

Many of the dealers said they have struggled to trade after abokiFX.com, a website that collates parallel market rates in Lagos, stopped publishing parallel market rates in September 2021, after the Central Bank of Nigeria threatened its owner.

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January 19 dollar to naira black market exchange rate: $1 dollar to naira =

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

Buying Rate ₦744
Selling Rate ₦746

The local currency opened at N746.00 per $1 at the parallel market otherwise known as the black market today Thursday, 19 January 2023, in Lagos Nigeria, after it closed at N747 per $1 on Wednesday, 18 January 2023.

Even though the dollar to naira opened in the parallel market at N746 per $1 today, NEWS RAIN 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.

News Rain Nigeria reports that in the black market, the players buy a dollar for N744 and sell for N746 on Thursday morning, January 19, 2023, after they purchased N745 and sold for N747 on Wednesday, 18 January 2023.

Meanwhile, USD started this week at ₦745 in Parallel Market also known as Black Market on Monday, January 16, 2023, in Lagos Nigeria, after it opened at ₦747 last week Monday, January 9, 2023.

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