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Home National Foreign Exchange: It is $1 to N1200 in the Black Market

Foreign Exchange: It is $1 to N1200 in the Black Market

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Black market dollar to naira exchange rate today 15 December 2023 can be accessed below.

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Newspotng.com has obtained the official Naira black market exchange rate in Nigeria today 15 December 2023 including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

As of now, you can purchase 1 dollar at ₦1,200 and sell it at ₦1,195 however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market) and Abuja (FCT Black Market Rates).

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Black Market Dollar To Naira Exchange Rate Today 15 December 2023

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Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 1,195
Selling Rate 1,200
The local currency opened at N1,200 per $1 at the parallel market otherwise known as the black market today Friday, 15 December 2023, in Lagos Nigeria, after it closed at N1195 per $1 on Thursday, 14 December 2023.

Even though the dollar to naira opened in the parallel market at ₦1200 per $1 today, Newspot 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.

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