Black market dollar to naira exchange rate today 16 April 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 ₦586 and the price can change (high or low) within hours.
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 April 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
April 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦586
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N586.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 16 April 2022, in Lagos Nigeria, after it closed N587.00 per $1 on Friday, 15 April 2022.
Even though the dollar to naira opened in the parallel market at ₦586 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 on the black market, the players buy a dollar for N583 and sell for N586 on Friday morning, April 16, 2022, after they bought N580 and sold for N585 on Friday, 15 March 2022.
Meanwhile, Newsonline Nigeria reports that the 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.
