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Black market dollar to naira exchange rate today 25th August 2022 can be accessed below… Read Full Article
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 ₦660 and the price can change (high or low) within hours… CONTINUE READING
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 25th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 25th dollar to naira black market exchange rate: $1 dollar to naira = ₦660
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N660.00 per $1 at the parallel market otherwise known as the black market today Thursday 25th August 2022, in Lagos Nigeria, after it closed at N660.00 per $1 on Wednesday, 17th August 2022.
Even though the dollar to naira opened in the parallel market at ₦660 per $1 today,
Newstrend.com.ng 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.
Newstrend.con.Ng Nigeria reports that on the black market, the players buy a dollar for N650 and sell for N660 on Thursday morning, August 25th, 2022, after they bought N680 and sold for N660 on Wednesday, 17th August 2022.
Meanwhile, Newstrend.com.ng Nigeria reports that the USD started this week at ₦685 in Parallel Market also known as Black Market on Monday, 8 August 2022, in Lagos Nigeria, after it opened at ₦658 last week Monday, 1st August 2022.
Disclaimer: NEWSTREND.COM.NG 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.