Categories: Business & Economy

Black Market Dollar To Naira Exchange Rate Today 28 September 2022

Black market dollar to naira exchange rate today 28 September 2022 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly. it depends on the volume of dollars available and the Demands.

EDITOR’S PICKS

What it means is that…you can buy or sell 1 dollar at ₦720 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 September 28, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

September 28 dollar to naira black market exchange rate: $1 dollar to naira = ₦720

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N720.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 28 September 2022, in Lagos Nigeria, after it closed at N720.00 per $1 on Tuesday, 27 September 2022.

Even though the dollar to naira opened in the parallel market at ₦720 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 N715 and sell for N720 on Wednesday morning, September 28, 2022, after they bought N715 and sold for N720 on Tuesday, 27 September 2022.

 

FURTHER READING

 

Meanwhile, Eko Hot Blog reports that the USD started this week at ₦720 in Parallel Market also known as Black Market on Monday, 26 September 2022, in Lagos Nigeria, after it opened at ₦710 last week Monday,  September 19th 2022.

 

Disclaimer: Eko Hot Blog does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Click to watch our video of the week

Damilare Abass

Share
Published by
Damilare Abass

Recent Posts

Forest In Talks To Extend Aina’s Contract With Significant Wage Increase

English Premier League club Nottingham Forest are in advanced talks with defender Ola Aina over…

12 minutes ago

Bauchi: Police Bust Warehouse Theft Syndicate, Recover Goods Worth ₦13.25m

The Bauchi State Police Command has arrested a suspected thief linked to a syndicate involved…

19 minutes ago

Chukwueze Set For First UEFA Champions League Start As AC Milan Face Slovan Bratislava

AC Milan manager Paulo Fonseca may give Nigerian international Samuel Chukwueze his first UEFA Champions…

27 minutes ago