Dollar To Naira Exchange Rate in the Black Market Today Monday 23rd May 2022.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.…
It greatly depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦605 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES May 23, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 23 dollar to naira black market exchange rate: $1 dollar to naira = ₦610
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N605.00 per $1 at the parallel market otherwise known as the black market, today, Monday 23rd May 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Sunday, 22nd May 2022.
Even though the dollar to naira opened in the parallel market at ₦605 per $1 today, Buxyi reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.