Dollar To Naira Exchange Rate Today (Black Market Rate)
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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 ₦587 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 April 21, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N587.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 21 April 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Wednesday, 20 April 2022.
Even though the dollar to naira opened in the parallel market at ₦587 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 N583 and sell for N587 on Thursday morning, April 21, 2022, after they bought N584 and sold for N588 on Wednesday, 21 April 2022.
Meanwhile, Eko Hot Blog reports that the USD started this week at ₦588 in Parallel Market also known as Black Market on Monday, April 18, 2022, in Lagos Nigeria, after it opened at #589 last week Monday, April 11, 2022.
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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.
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