Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 2 April 2022

Advertisement
Advertisement

Black market dollar to naira exchange rate today 2  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 ₦588 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 April 2, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

April 2 dollar to naira black market exchange rate: $1 dollar to naira = ₦588

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N588.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 2 April 2022, in Lagos Nigeria, after it closed N587.00 per $1 on Friday, 1 April 2022.

 

Even though the dollar to naira opened in the parallel market at ₦588 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 N585 and sell for N590 on Friday morning, April 1, 2022, after they bought N581 and sold for N587 on Thursday, 31 March 2022.

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, March 28, 2022, in Lagos Nigeria, after it opened at #585 last week Monday, March 21, 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

  • Economy And Business

BREAKING: President Tinubu Speaks On Removing Fuel Subsidy

President Tinubu has spoken on removing fuel subsidy.   NewsOnline Nigeria reports that President Bola…

2 hours ago
  • Headline

BREAKING: President Tinubu Speaks On Reducing 48 Ministers, Several Other Advisers

President Tinubu has spoken on reducing 48 Ministers and several other Special Advisers.   NewsOnline…

2 hours ago
  • Economy And Business

BREAKING: President Bola Tinubu Vows To Veto Tax Reforms Bills

President Bola Tinubu has vowed to veto tax reforms bills.   NewsOnline Nigeria reports that…

2 hours ago
  • Economy And Business

BREAKING: Petrol Marketers Predict Further Major Drop In Fuel Price

Petrol Marketers have predicted a further major drop in fuel prices from today across Nigeria.…

17 hours ago
  • Crime Watch

FG Moves To Arraign Terrorists Linked To Bello Turji Group

FG has moved to arraign all the suspected terrorists linked to the Bello Turji group.…

17 hours ago
  • Headline

BREAKING: FG Declares 3 Days Public Holiday For Christmas, New Year Celebrations

FG has declared 3 days of Public Holiday for Christmas and New Year Celebrations in…

17 hours ago