Dollar To Naira Exchange Rate Today 24 October 2022(Black Market)

The local currency opened at N760.00 per $1 at the parallel market otherwise known as the black market today Monday, 24 October 2022, in Lagos Nigeria, after it closed at N755.00 per $1 on Sunday, 23 October 2022.

Even though the dollar to naira opened in the parallel market at ₦760 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 N755 and sell for N760 on Monday, 24 October 2022, after they purchased N750 and sold for N755 on Sunday, 23 October 2022.

Meanwhile, News Rain Nigeria reports that the USD started this week at ₦760 in Parallel Market also known as Black Market on Monday, October 24, 2022, in Lagos Nigeria, after it opened at  ₦745 last week Monday, October 17, 2022.