Reports from Bureau De Change Operators, indicated that Dollar to Naira traded at USD$680/1 at the Black Market.
How much is the dollar to naira black market rate today?
According to Investigations by QUICK LOAN ARENA, the Nigerian Naira continues to suffer a plunge with respect to the United States Dollar at the Black Market (also called Parallel Market).
How much is the exchange rate between the Dollar to Naira in the Black Market today?
How much is black market dollar to naira today?
Black market dollar to Naira today is N680/$1
Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to TheCable in Lagos, said the local currency depreciated by N15 or 2.3 percent to trade at N680 per dollar at the street market.
Last week, the naira closed at N665 to a dollar at the street market.
The street traders put the buying price of the dollar at N665 and the selling price at N680, leaving a profit margin of N15.
They said scarcity has returned to the FX market.
“Demand is high, and there is no dollar. If you tell a customer to sell a dollar to you for N650, he will tell you that he saw it online for N670 or N675. We also have to make our gain. We are buying and selling to make a profit,” a trader at the Ikeja market told TheCable.
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