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 ₦586 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 17, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N586.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 17 April 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Saturday, 16 April 2022.
Even though the dollar to naira opened in the parallel market at ₦586 per $1 today, 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.
News Rain Nigeria reports that on the black market, the players buy a dollar for N583 and sell for N586 on Sunday morning, April 17, 2022, after they bought N580 and sold for N585 on Saturday, 16 April 2022.
Meanwhile, USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, April 11, 2022, in Lagos Nigeria, after it opened at #590 last week Monday, April 4, 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.
The Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, has conveyed his warmest congratulations…
Jamara Home, one of Nigeria’s leading destinations for electronics and home appliances, celebrates this year’s…
Nigerian Newspaper Headlines, Naija News For Sunday 11th May 2025, Can Be Accessed Below. NewsRain…
Black Market Dollar To Naira Exchange Rate Today, 11th May 2025, Can Be Accessed Below.…
Open Heavens Daily Devotional For Today, 11th May 2025, Can Be Accessed Below. Open Heaven is…
The 11th Africa Magic Viewers’ Choice Awards (AMVCA) held in Lagos, Nigeria, at the Eko…
This website uses cookies.
