Naira appreciates to N749 per Dollar (USD) at Black Market rate today

The naira, on Saturday, appreciated to N749 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market.

Newsflash Nigeria revealed that the Bureaux De Change operators (BDCs) in the Victoria Island area of Lagos, said they purchase the greenback at N742/$, make a gain of N7, and then sell at N749/$.

Also, at the investors and exporters (I&E) forex window, the local currency appreciated by 0.14 percent to N461.35/$ on Saturday, according to data from the FMDQ OTC Securities Exchange – a platform that oversees official foreign exchange trading in Nigeria.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

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

Buying Rate                                         N742

Selling Rate                                         N749

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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