Economy And Business

Black Market Dollar To Naira Exchange Rate Today 11 March 2022

Black market dollar to naira exchange rate today 11 March 2022 can be accessed below.

 

 

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 ₦577 and the price can change (high or low) within hours.

 

Black market dollar to naira exchange rate

 

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 March 11, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦577

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N577.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 11 March 2022, in Lagos Nigeria, after it closed N576.00 per $1 on Thursday, 10 March 2022.

 

Even though the dollar to naira opened in the parallel market at ₦577 per $1 today, Newsonline 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.

 

 

Newsonline Nigeria reports that at the black market, the players buy a dollar for N572 and sell for N577 on Friday morning, March 11, 2022, after they bought N572 and sold for N577 on Thursday, 10 March 2022.

 

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦576 in Parallel Market also known as Black Market on Monday, March 7, 2022, in Lagos Nigeria, after it opened at 575 last week Monday, February 28, 2022.

 

Disclaimer: NEWSONLINE 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.

NewsOnline Nigeria

Recent Posts

  • Crime Watch
  • Top Stories

CISLAC, YIAGA, CODE, CDD, and 45 Other CSOs Unite Against Harassment of Anti-Graft Agencies

CISLAC, YIAGA, CODE, CDD, and 45 other CSOs have united against the harassment of anti-graft…

29 mins ago
  • Economy And Business
  • Headline

President Tinubu Policies Averted Economic Collapse In Nigeria – Shettima

Shettima has stated that President Tinubu Policies averted economic collapse in Nigeria.   NewsOnline Nigeria…

37 mins ago
  • Crime Watch
  • Headline

BREAKING: EFCC Launches Probe Into Schools Charging Tuition In Dollars

EFCC has launched a probe into schools charging tuition in dollars.   NewsOnline Nigeria reports…

46 mins ago
  • Economy And Business
  • Headline

FG Borrows N11tn Through Bonds and T-Bills in Four Months

 FG has borrowed N11tn through bonds and T-Bills in four months.   NewsOnline Nigeria reports…

59 mins ago
  • Headline

FG Proposes Adjustment To Mining License Rates In Nigeria

FG has proposed an adjustment to mining license rates in Nigeria.   NewsOnline Nigeria reports…

1 hour ago
  • Exchange Rates

Black Market Dollar To Naira Exchange Rate Friday, 3rd May 2024

Black market dollar to naira exchange rate Friday 3rd May 2024 can be accessed below.…

1 hour ago