What is the black market exchange rate in Nigeria?

Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor,

What is the naira black market exchange rate?

Today, the Naira Black Market exchange rate for 1 US Dollar is 1658 Naira. This means that you can get 1658 Naira for every 1 Dollar that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government. What Factors Affect the Dollar to Naira Black Market Exchange Rate?

How much is naira on the black market?

These rates on the black market are frequently observed when the official rate has a brief similarity to the actual conditions of the market. How Much Does $1 Worth In Naira On The Black Market? The current dollar-to-naira black market exchange rate is between 750 and 740 with an average of 739.00.