How Much is Dollar to Naira Today In Black Market?

Filed in Articles by on September 28, 2023

Have you wondered how much is dollar to naira today in black market? This question resonates daily in the exchange market. The exchange rate changes fluctuates a lot and this fluctuation affects trade or travels between the countries who use the dollar and naira.

how much is dollar to naira today in black market

What is a Black Market?

Black Market as regards to money is the informal marketplace where various currencies are sold, bought or exchanged. This exchange happens outside the legally authorized financial institutions by unauthorized currency dealers.

Dollar to Naira Today in Black Market

The black market rate of dollar to naira isĀ  1002 naira to 1 dollar at a buying rate and 1008 to 1 dollar at a selling rate.


Countries Using the US Dollars

Turks and caicos islands, American Samoa, British indian ocean territory, Ecuador, El salvador, Guam, Haiti, Marshall islands, Palau, Panama;

Also, Puerto Rico, Timor-leste, United states, United states minor outlying islands, Northern Mariana Islands , Virgin islands (british), Virgin islands (u.s.).

Countries Using the Naira

Nigeria is the only Country that makes use of the Naira.

Black Market Transactions

Black Market transactions can be legal or illegal activities depending on varied circumstances. Illegal activities in black market transactions include, laundering of money or evasion of tax.

Black Market exchange rate is susceptible to lots of changes and might not offer some level of transparency.

CSN Team.

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