Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 16 March 2022

Advertisement
Advertisement

Black market dollar to naira exchange rate today 16 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 ₦580 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 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦580

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N579.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 16 March 2022, in Lagos Nigeria, after it closed N577.00 per $1 on Tuesday, 15 March 2022.

 

Even though the dollar to naira opened in the parallel market at ₦580 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 N575 and sell for N580 on Wednesday morning, March 16, 2022, after they bought N572 and sold for N577 on Tuesday, 15 March 2022.

 

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦579 in Parallel Market also known as Black Market on Monday, March 14, 2022, in Lagos Nigeria, after it opened at 577 last week Monday, March 7, 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.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Headline

BREAKING: President Tinubu Makes Four Crucial Appointments (FULL LIST)

President Tinubu made four new crucial appointments.   NewsOnline Nigeria reports that President Bola Tinubu…

4 hours ago
  • Headline

BREAKING: Wike Suspends FCT Official, Shehu Hadi Ahmad From Office

Wike has suspended FCT Official, Shehu Hadi Ahmad from office.   NewsOnline Nigeria reports that…

4 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th November 2024

The black market dollar to Naira exchange rate on Friday 15th November 2024 can be…

4 hours ago
  • Top Stories

BREAKING: Friday Declared Public Holiday For Civil, Public Servants

Friday has been declared a public holiday for civil and public servants.   NewsOnline Nigeria…

18 hours ago
  • Economy And Business

BREAKING: President Tinubu Proposes Staggering N47 Trillion For 2025 Budget

President Tinubu has proposed a staggering N47 trillion for the 2025 budget.   NewsOnline Nigeria…

18 hours ago
  • Top Stories

Lagos Government Shuts Down Popular Churches (FULL LIST)

Lagos Government has shut down popular churches over noise pollution.   NewsOnline Nigeria reports that…

1 day ago