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.
News Rain Nigeria reports that 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 March 26, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)
The local currency opened at N587.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 26 March 2022, in Lagos Nigeria, after it closed N580.00 per $1 on Friday, 25 March 2022.
Even though the dollar to naira opened in the parallel market at ₦587 per $1 today, the Central Bank of Nigeria (CBN) does not recognize 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.
News Rain Nigeria reports that at the black market, the players buy a dollar for N581 and sell for N587 on Friday morning, March 25, 2022, after they bought N579 and sold for N584 on Friday, 25 March 2022.
Meanwhile, USD started this week at ₦585 in Parallel Market also known as Black Market on Monday, March 21, 2022, in Lagos Nigeria, after it opened at 579 last week Monday, March 14, 2022.
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