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Dollar To Naira Black Market Exchange Rate Today Nov 2

The exchange rate between the Nigeria national currency, Naira and the United States dollar continued in its downward trend on November 2 at the Black Market also known as the parallel market in the country. 

Dollar To Naira Black Market Exchange Rate Today November 2nd, 2022.

Since the announcement by the Central Bank of Nigeria, CBN, to redesign the naira last week, the dollar exchange rate is now gone over the roof. 

Dollar To Naira Black Market Exchange Rate Today November 2nd, 2022

Currency    Rate    Date   

USD    ₦ 800    02/11/2022   

USD    ₦ 820    02/11/2022   

Dollar to Naira black market exchange rate today is between ₦800 and ₦830 with an average of ₦810.00 on 02/11/2022 in Nigeria, according to multiple reports online. 

Dollar To Naira Black Market Exchange Rate Today November 2nd, 2022

A check in the last 7 days, between 26/10/2022 and 01/11/2022, it was noted that Dollar to Naira black market rate had values between ₦735 and ₦810 with the average ₦773.66. Comparing the last week’s numbers with today’s (02/11/2022) rate, the average of Dollar to Naira rate saw a 36.34 points increase from ₦773.66 to ₦810.00 which equals to a 4.7% rise.

It is important to note that the CBN did not recognize Black Market also known as parallel market in the country, as such, directed individuals and organizations who in need of dollar to approach their bank.

Also note that Lagos Post Online will not be responsible for inaccurate data in this article as it can change at any time.

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