Dollar to Naira Black Market Today August 2022

Dollar to Naira Black Market Exchange rate today August, 2022. Abokifx dollar to Naira today. How much is dollar to Naira today?

Let’s check out the recent Dollar to Naira black market exchange rate 2022 both in Lagos, Abuja, Port Harcourt, Uyo etc.

If you are into buying and selling dollar or international currencies in Nigeria, then this is an update for you.

Note: Before we proceed, it is advisable to inform you that the black market selling and buying of dollars is against the Central Bank of Nigeria’s financial law.

So while going through this, we advise buyers and sellers to stick to the central bank (CBN) exchange rate as it is the only recognized exchange rate for dollar to Naira.

That being said, let’s find out how much a dollar is exchanged (both buying and selling) to Naira at the black market exchange rate in March 2022.

How much is dollar to Naira Black Market August 2022?

As of the month of August 2022, the Dollar to Naira black market (unofficial buyers and sellers) exchange rate is ₦730 which in some areas, it sells up to ₦735.

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Official Dollar to Naira CBN Exchange Rate August 2022

The official Dollar to Naira CBN Exchange rate still stands at ₦415.77 while some banks average their sell price at N418.

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Dollar to Naira Exchange rate Yesterday?

As of yesterday, a dollar at the Nigerian black market (unofficial buyers and sellers) was sold on average of ₦730 while the CBN rate still stood at ₦415.77

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How much is Dollar to Naira 2022?

Since the beginning of January 2022, the Central Bank of Nigeria (CBN) dollar to Naira exchange rate had averagely remained at ₦415 per $1.

Meanwhile, the rate at which Dollar exchanges to Naira at the black market has been fluctuating since the beginning of the year 2022 especially as the Central Bank keeps pushing to put a stop to black market exchange.

Meanwhile, since the beginning of January 2022, the black market dollar to Naira exchange rate had averagely remained at ₦570 per $1 before falling to ₦600 per dollar and later to ₦735 per dollar.

Black Market dollar to Naira Exchange Rate Statistics 2022

According to our findings, the trend of the black market dollar to naira exchange rate is as shown in the following statistics shown below:

Months CBN Rate Black Market Rate
April 2022 ₦415 ₦575
May 2022 ₦415 ₦585
June 2022 ₦415 ₦595
July 2022 ₦415 ₦730
August 2022 ₦415 ₦735

Our Take:

We sincerely want to advise all our users not to rely on black market exchange (unofficial buyers and sellers) as it is against the Central Bank of Nigeria (CBN) financial law.

Please, we encourage buyers and sellers to stick to the central bank (CBN) exchange rate as it is the only recognized exchange rate for dollar to Naira in Nigeria and it is implemented by the CBN to help stabilise our economy and currency value.

For your contribution, suggestions, questions, and recommendations, please kindly use the comment box in the comment section below to reach out to us.

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