Dollar To Naira Today Thursday 6th October 2022(Black Market)

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 TODAY: dollar to naira exchange rate today black market

October 6th dollar to naira black market exchange rate: $1 dollar to naira = ₦740

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	737
Selling Rate	740

The local currency opened at N740.00 per $1 at the parallel market otherwise known as the black market today Thursday, 6th October 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Wednesday, 5th October 2022.

Even though the dollar to naira opened in the parallel market at ₦740 per $1 today, News Rain Nigeria 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.

News Rain Nigeria reports that in the black market, the players buy a dollar for N737 and sell for N740 on Thursday, October 6, 2022, after they bought N737 and sold for N740 on Wednesday, 5th October 2022.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦742 in Parallel Market also known as Black Market on Monday, October 3, 2022, in Lagos Nigeria, after it opened at  ₦720 last week Monday, September 26, 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.