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 ₦612 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 July 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)
The local currency opened at N612.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 5 July 2022, in Lagos Nigeria, after it closed at N610.00 per $1 on Monday morning, July 4, 2022.
Even though the dollar to naira opened in the parallel market at ₦612 per $1 today, News Rain Nigeria reports that 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 N607 and sell for N612 on Tuesday morning, July 5, 2022, after they bought N606 and sold for N610 on Monday morning, July 4, 2022.
Meanwhile, USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 27 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 20 June 2022.
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