Business & Economy
BREAKING: Naira Gains Massively At Black Market, See Exchange Rate Today
Naira has gained massively at black market today, March 2, 2022.
Eko Hot Blog reports that Nigeria’s official currency, Naira, gained at the parallel market also known as the black market on Wednesday, March 2, trading at ₦577 per a dollar.
This online news platform understands that the massive gain is coming after the Naira closed at ₦580 per a dollar on Tuesday, March 1, 2022.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦577 and the price can change (high or low) within hours.
A survey conducted by Eko Hot Blog at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Wednesday Morning, March 2, 2022, shows that the naira to usd exchanged at N577/$1, gaining from the N580 position of 1 dollars to naira it opened March 2022 with, months after usd to naira exchanged for N530/$1.
How much is 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 (black market dollar exchange rate today)
Even though the dollar to naira opened in the parallel market at ₦577 per $1 today, Eko Hot Blog reports that the Central Bank of Nigeria (CBN) does not recognise 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.
Eko Hot Blog reports that at the black market, the players buy a dollar for N572 and sell for N577 on Wednesday morning, March 2, 2022 after they bought N575 and sold for N580 on Tuesday, 1 March 2022.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
