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Dollar To Naira: Dollar To Naira Traded N713/$1 At Black Market July 29th

Nigeria’s national currency, the Naira, has continued to depreciate on the black market as it traded on Friday at N713/$1 compared to N718/$1 recorded on Thursday. 

Many Nigerians prefer to exchange foreign currency, particularly dollars to Naira, on the black market since the conversion rate is much higher than what the bank offers.

The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira CBN portal

The official exchange rate set by the apex bank, the Central Bank of Nigeria (CBN) still remains at N415.37 to sell US dollars and N415.87 to buy USD with Naira, as of July 29, 2022.

CBN official exchange rate as of July 29th, 2022

Dollar To Naira

1USD – N415.37,  N415.87

Dollar To Naira, Naira Traded N713/$1 At Black Market Today

Dollar to Naira Black Market Rate Today, 29th July 2022

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate713
Buying Rate707

How Much is Dollar to Naira and the official Exchange Rate today, 29th July 2022?

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