Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 31 July 2022

Advertisement
Advertisement

Black market dollar to naira exchange rate today 31 July 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 ₦695 and the price can change (high or low) within hours.

 

Naira Falls Massively At Black Market, See New Exchange Rate

 

 

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 July 31, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

July 31 dollar to naira black market exchange rate: $1 dollar to naira = ₦695

 

Lagos parallel market (black market dollar exchange rate today)

 

 

The local currency opened at N695.00 per $1 at the parallel market otherwise known as the black market today Sunday, 31 July 2022, in Lagos Nigeria, after it closed at N695.00 per $1 on Saturday, 30 July 2022.

 

 

Even though the dollar to naira opened in the parallel market at ₦695 per $1 todayNewsonline 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 N690 and sell for N695 on Sunday morning, July 31, 2022, after they bought N690 and sold for N695 on Saturday, 30 July 2022.

 

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦658 in Parallel Market also known as Black Market on Monday, 25 July 2022, in Lagos Nigeria, after it opened at ₦625 last week Monday,  18 July 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

  • Exchange Rates

BREAKING: Northern Elders’ Forum Backs Governors On Tinubu’s Tax Reform Bills

Northern Elders’ Forum has backed Governors on President Tinubu’s Tax Reform Bills.   NewsOnline Nigeria…

3 hours ago
  • Economy And Business

BREAKING: PDP Governors Order Tinubu To Review Harsh Economic Policies

PDP Governors have ordered President Tinubu to review harsh economic policies.   NewsOnline Nigeria reports…

3 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24 November 2024

The black market dollar to Naira exchange rate on Sunday 24 November 2024 can be…

3 hours ago
  • Exchange Rates

BREAKING: Sani Fagge Exposes Cabals Misleading President Tinubu

Sani Fagge has exposed cabals misleading and shielding President Tinubu from Nigerians' suffering.   NewsOnline…

14 hours ago
  • Crime Watch

BREAKING: Tinubu Government Moves To Extradite Simon Ekpa Suffers Major Setback

President Tinubu Government's move to extradite Simon Ekpa has suffered a major setback.   NewsOnline…

14 hours ago
  • Exchange Rates

BREAKING: FG Speaks On Sacking Civil Servants With Benin Republic, Togo University Certificates

FG has spoken on sacking civil servants with Benin Republic and Togo University Certificates.  …

14 hours ago