Dollar To Naira Exchange Rate Today (Black Market Rate)
EDITOR’S PICK:
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 ₦609 and the price can change (high or low) within hours.
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 June 20, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N609.00 per $1 at the parallel market otherwise known as the black market today Monday, 20 June 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Sunday, 19 June 2022.
Even though the dollar to naira opened in the parallel market at ₦609 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 on the black market, the players buy a dollar for N605 and sell for N609 on Monday morning, June 20, 2022, after they bought N605 and sold for N609 on Sunday, 19 June 2022.
Meanwhile, Eko Hot Blog reports that the USD started this week at ₦609 in Parallel Market also known as Black Market on Monday, 20 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday, 13 June 2022.
FURTHER READING
Click to watch our video of the week
The Central Bank of Nigeria, CBN, has assured banks of a steady cash supply to…
Former lawmaker, who represented Kogi West Senatorial District, Dino Melaye has mocked the immediate past…
The 16-count criminal charges brought against the former governor of Kogi State, Yahaya Bello, and…