Business News
Dollar to Naira Exchange Rate Today December 5, 2022
You will have a better chance to prepare and make wise choices if you are fully aware of the Dollar to NGN black market exchange rate…
You will have a better chance to prepare and make wise choices if you are fully aware of the Dollar to NGN black market exchange rate right now. The current USD/Naira exchange rate is shown below.
The Dollar To Naira Exchange Rate is ₦745, which means you can buy Dollars at ₦745 and sell them at ₦726 when we examined local dealers’ reports on forex in Lagos and Abuja, respectively.
Additionally, the second-most traded currency, the Euro/Naira, sold on the black market for ₦775 and ₦760 respectively. Interestingly, the Pound To Naira Exchange Pricing is ₦905 at the moment, yet the black market rate to sell a pound is ₦880.
Dollar to Naira Rate for the Past 7 Days
| Date | Buy | Sell |
| December 4, 2022 | 745 | 726 |
| December 3, 2022 | 745 | 735 |
| December 2, 2022 | 743 | 730 |
| December 1, 2022 | 758 | 745 |
| November 30, 2022 | 755 | 740 |
| November 29, 2022 | 768 | 755 |
| November 28, 2022 | 770 | 762 |
On Saturday, December 3, 2022, the black market in Lagos is trading one USD for ₦745. Black Market begins this week on Monday, November 28, 2022, with USD trading at ₦772. This brings the US Dollar’s weekly gain/loss against the Naira to a -0.07% decline
READ MORE: Dollar to Naira Exchange Rate Today December 2, 2022
Looking at last month, on Tuesday, November 1, 2022, USD was trading at ₦812 at the start of last month. As of right now, with the USD trading at ₦₦745, the USD/Naira exchange rate has decreased by -0.75% for the month.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦745 |
| Buying Rate | ₦726 |
| Dollar to Naira (USD to NGN) | CBN Official Exchange Rate Today |
| Selling Rate | ₦444.17 |
| Buying Rate | ₦444.17 |
Euro to Naira Black Market
Here is the current black market exchange rate between the Euro and the Naira, which is used in Abuja, Kano, and Lagos by Aboki and Bureau De Change (BDC). At other parallels (unofficial) markets, there might be a small variance.
| Euro to Naira (EUR to NGN) | Exchange Rate Today |
| Buying Rate | ₦775 |
| Selling Rate | ₦760 |
Pounds to Naira Black Market
Here is the exchange rate used by Aboki/Bureau De Change (BDC) to buy and trade Great British Pounds (Pounds) on the black market today in Abuja, Kano, and Lagos. At other parallels (unofficial) markets, there might be a small variance.
| Pounds to Naira (GBP to NGN) | Exchange Rate Today |
| Buying Rate | ₦905 |
| Selling Rate | ₦880 |
You must realize that the Naira is under pressure, which constantly keeps the FX market in a state of instability. Although it is impossible to forecast how the market will behave, we are doing our best to keep track of the daily Dollar to Naira exchange rate.
According to a reporter who visited the constantly crowded Wuse Zone 4, the center of bureau de change operators in Abuja noticed that the dollar was now being offered for ₦726, as opposed to the ₦ 745 it had been earlier. The price of a dollar was ₦726 in Lagos and ₦726 in Kano.
READ MORE: Dollar to Naira Exchange Rate Today December 1, 2022