Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 18 March 2022

Advertisement
Advertisement

Black market dollar to naira exchange rate today 18 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 ₦585 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 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 18 dollar to naira black market exchange rate: $1 dollar to naira = ₦585

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N585.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 18 March 2022, in Lagos Nigeria, after it closed N585.00 per $1 on Thursday, 17 March 2022.

 

Even though the dollar to naira opened in the parallel market at ₦585 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 N578 and sell for N585 on Friday morning, March 18, 2022, after they bought N577 and sold for N585 on Wednesday, 17 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 Two Important Appointments (FULL LIST)

President Tinubu has made two important appointments.   NewsOnline Nigeria reports that President Bola Tinubu…

10 hours ago
  • Education
  • Headline

BREAKING: FG Finally Removes Universities, Others From IPPIS Payroll (FULL LIST)

FG has finally removed Universities among other institutions from the IPPIS payment platform.   NewsOnline…

11 hours ago
  • Top Stories

IPPIS Speaks On Directing Workers To Change Salary Accounts

IPPIS has denied directing workers to change salary accounts.   NewsOnline Nigeria reports that the…

11 hours ago
  • Crime Watch
  • Headline

BREAKING: Tinubu Directs Immediate Release of Northern Minors Facing Treason Charges

President Tinubu has directed the immediate release of Northern minors facing treason charges.   NewsOnline…

11 hours ago
  • Crime Watch
  • Headline

BREAKING: Atiku’s 2023 Election Running Mate, Ifeanyi Okowa Arrested For Fraud

Atiku's 2023 Election Running Mate, Ifeanyi Okowa has been arrested for fraud by the EFCC.…

11 hours ago
  • Headline
  • Politics

BREAKING: Governor Fubara Finally Names Root Cause Of Rivers Political Crisis

Governor Fubara has finally named the root cause of Rivers Political Crisis.   NewsOnline  Nigeria…

1 day ago