Black Market Dollar To Naira Exchange Rate Today 11 August 2022

black market rate today

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 ₦665 and the price can change (high or low) within hours.

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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 August 11, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

August 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦665


Lagos parallel market (black market dollar exchange rate today)



The local currency opened at N665.00 per $1 at the parallel market otherwise known as the black market today Thursday, 11 August 2022, in Lagos Nigeria, after it closed at N665.00 per $1 on Wednesday, 10 August 2022.



Even though the dollar to naira opened in the parallel market at ₦650 per $1 todayNewstrend 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.

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Newstrend reports that on the black market, the players buy a dollar for N660 and sell for N665 on Thursday morning, August 11, 2022, after they bought N660 and sold for N650 on Wednesday, 10 August 2022.



DisclaimerNEWSONLINE NIGERIA 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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