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 ₦598 and the price can change (high or low) within hours.
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 May 19, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N598.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 19 May 2022, in Lagos Nigeria, after it closed at N597.00 per $1 on Wednesday, 18 May 2022.
Even though the dollar to naira opened in the parallel market at ₦598 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Newsonline Nigeria reports that on the black market, the players buy a dollar for N595 and sell for N598 on Thursday morning, May 19, 2022, after they bought N595 and sold for N598 on Wednesday, 18 May 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦590 in Parallel Market also known as Black Market on Monday, May 9, 2022, in Lagos Nigeria, after it opened at #587 last week Monday, May 2, 2022.
Customs Import Duty Exchange Rate has surged above the official rate to N1,441/$. NewsOnline…
Nigeria Governors’ Forum has disagreed with the FG on the Minimum Wage hike for…
EFCC has come under pressure to reopen Tinubu Minister, Matawalle’s probe. NewsOnline Nigeria reports…
CISLAC, YIAGA, CODE, CDD, and 45 other CSOs have united against the harassment of anti-graft…
Shettima has stated that President Tinubu Policies averted economic collapse in Nigeria. NewsOnline Nigeria…
EFCC has launched a probe into schools charging tuition in dollars. NewsOnline Nigeria reports…