Black market dollar to naira exchange rate today 5 August 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 ₦630 and the price can change (high or low) within hours.
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 August 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 5 dollar to naira black market exchange rate: $1 dollar to naira = ₦630
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N630.00 per $1 at the parallel market otherwise known as the black market today Friday, 5 August 2022, in Lagos Nigeria, after it closed at N650.00 per $1 on Thursday, 4 August 2022.
Even though the dollar to naira opened in the parallel market at ₦690 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 N610 and sell for N630 on Friday morning, August 5, 2022, after they bought N650 and sold for N655 on Thursday, 4 August 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦695 in Parallel Market also known as Black Market on Monday, 1 August 2022, in Lagos Nigeria, after it opened at ₦658 last week Monday, 25 July 2022.