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Dollar To Naira: Naira Falls To Record Low N780/$1 At Black Market 

The Nigeria National currency, the Naira, continues to suffer a massive plunge against the United States Dollar at the Black Market also known as the Parallel Market in the country.

How much is the exchange rate between the Dollar to Naira Black Market today?

Dollar To Naira Black Market Exchange Rate Today

Naira fell to a record low of N780/$1 at the Black Market two days after the Central Bank of Nigeria,CBN, announced the redesigning of the currency.

Naira fell significantly against the U.S. dollar at the parallel market on Thursday, a day after the Central Bank of Nigeria (CBN) said it will withdraw higher notes to check fraud, inflation and insecurity.

Dollar To Naira Black Market Exchange Rate Today

Black market exchange rates across states showed the naira exchanged hands with the greenback at N775.00 and above for a dollar, and sold at between N780 to N781.00 in Abuja and Lagos, SKYTREND NEWS reports. 

This implies a 2.64 percent devaluation from N760.00 it traded in the previous session on Wednesday.

Dollar To Naira Black Market Exchange Rate Today

Likewise, currency dealers at the Uyo Udi street market said the hard currency was exchanged at N766.00 and sold at N775.00 to a dollar on Thursday.

“The banks are not giving US dollars, individuals are only struggling to get on their own, that’s why the rates are high and irregular,” a currency dealer was quoted by PREMIUM TIMES as saying.

Tabular Form For Dollar To Naira Black Market Rate Today 

$1    N780

$5    N3,900

$10    N7,800

$15    N11,700

$20    N15,600

$30    N23,400

$40    N31,200

$50    N39,000

$75    N58,500

$100    N78,000

$200    N156,000

$500    N390,000

$750    N585,000

$1,000    N780,000

Table courtesy of SKYTREND NEWS.

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