Do you know how much the Dollar to Naira exchange rate is pegged at for today, May 28?
Amid preparation for the inauguration of the incoming administration which will take place on May 29, the Naira has started to rise against the Dollars.
The Dollar to Naira at the parallel market also known as black market in Lagos exchanged at the rate of ₦770 while buying and ₦765 when selling.
This rate is against what the Naira exchanged for on Saturday, May 27, when players bought a dollar for ₦770 and sold at ₦780.
Read Also: Black Market: CAD ₦289, Dollar ₦286 Above CBN Exchange Rate
Please note that the Central Bank of Nigeria (CBN) does not support currency exchanges in the black market, as it has directed individuals who want to engage in Forex to approach their respective banks.
Meanwhile, the second most traded currency known as Euro to Naira traded at ₦815 buy and ₦803 sell respectively in the black market.
Interestingly at the same time the Pound to Naira exchange rate is ₦950 buy, while you can sell a pound for ₦935 sell at the black market rate
Dollar to Naira Rate for Past 7 Days
| Date | Buy | Sell |
| May 27, 2023 | 780 | 770 |
| May 26, 2023 | 764 | 760 |
| May 25, 2023 | 763 | 759 |
| May 24, 2023 | 762 | 758 |
| May 23, 2023 | 760 | 756 |
| May 22, 2023 | 765 | 760 |
| May 21, 2023 | 755 | 750 |
