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 ₦589 and the price can change (high or low) within hours.
How much is dollar to naira today in black market?
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 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)- Aboki dollar rate
The local currency opened at N589.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 6 April 2022, in Lagos Nigeria, after it closed at N589.00 per $1 on Tuesday morning, April 5
Even though the dollar to naira opened in the parallel market at ₦589 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 on the black market, the players buy a dollar for N582 and sell for N589 on Wednesday morning, April 6, 2022, after they bought N582 and sold for N589 on Tuesday morning, April 5.
Meanwhile, USD started this week at ₦589 in Parallel Market also known as Black Market on Monday, April 4, 2022, in Lagos Nigeria, after it opened at 587 last week Monday, March 28, 2022.
Disclaimer: NEWS RAIN 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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