Here is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx). See the black market Dollar to Naira exchange rate for 4th August, 2022, below. You can swap your dollar to Naira at these rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Wednesday August 3rd 2022, for $1 dollar to naira = ₦427.90/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦427.90/$1 on Wednesday 3rd August, and closed at ₦429.20 to a $1.
US Dollar to Naira Black Market Rate Today, 4th August 2022
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 640 |
| Selling Rate | 700 |
The US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).
Cryptocurrency Trader Jailed 2 Years For Stealing N18.4 m
An Ikeja Special Offences Court on Wednesday sentenced a cryptocurrency trader, Shola Henry, to two years imprisonment for stealing N18. 4 million.
Delivering a ruling, Justice Oluwatoyin Taiwo gave the defendant an option of fine in the sum of N2 million in lieu of serving jail term at the Ikoyi Custodial Centre.
