Today’s Dollar/Naira Exchange Rate – November 12, 2022 (Black Market)

Check out the current exchange rate of the black market dollar to the naira today, November 12th, 2022, Aboki dollar rate, below.
An HOURLY shift in the currency rate is something to keep in mind.
… It all boils down to the amount of money on hand and the needs of the market. That entails… The USD/JPY exchange rate of 700 means that you can purchase or sell one dollar at a range of possible exchange rates within a time frame of hours.

How much is one US dollar worth in Nigerian naira right now on the black market? Dollar to naira exchange rate on the black market as of today:
Today’s black market exchange rate for U.S. dollars into Nigerian Naira is as follows: Catering to the needs of the Lagos market (black market).

LAGOS PARALLEL MARKET RATES TODAY: the current black market exchange rate of one dollar for one naira.

The black market exchange rate for dollars and naira on November 12 was $1 = 700.

The current black market exchange rate for US dollars to Nigerian naira (NGN) is 690 USD = 700 NGN.
This morning, Saturday, 12 November 2022, the local currency opened at N700.00 per $1 on the parallel market, often known as the black market, in Lagos, Nigeria, down from N730.00 per $1 on Friday, 11 November 2022.

The Central Bank of Nigeria (CBN) is not aware of the black market, or the parallel market, where the dollar opened at 700 per $1 today, according to News Rain Nigeria. Since the I&E window is the only known exchange, the central bank has advised anyone in need of foreign currency to contact their respective bank.

On Friday, 11 November 2022, players paid N720 for a dollar and sold it for N730, according to a report from News Rain Nigeria. On Saturday morning, 12 November 2022, they paid N690 for a dollar and sold it for N700.

Often, on Monday, November 7, 2022, in Lagos, Nigeria, the US dollar began the week at 890 on the Parallel Market, also known as the Black Market, up from 800 on the same day one week prior, October 31, 2022.

Foreign exchange rates are not established or determined by Obaland magazine. The FMDQOTC website is where you can find the official NAFEX rates. Black market rates, also known as parallel market rates, can be gleaned from a variety of resources, some of which are mainstream media websites. Your actual foreign exchange purchase or sale rates may vary from those shown here.