Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 6 August 2022

The local currency opened at N630.00 per $1 at the parallel market otherwise known as the black market today Saturday, 6 August 2022, in Lagos Nigeria, after it closed at N635.00 per $1 on Friday, 5 August 2022.

Black market dollar to naira exchange rate today 6 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.

 

Naira Appreciates Across Markets After CBN Assures of Stability

 

 

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 August 6, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

August 6 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 Saturday, 6 August 2022, in Lagos Nigeria, after it closed at N635.00 per $1 on Friday, 5 August 2022.

 

 

Even though the dollar to naira opened in the parallel market at ₦690 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 N630 and sell for N635 on Saturday morning, August 6, 2022, after they bought N630 and sold for N635 on Friday, 5 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.

 

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.

NewsOnline Nigeria

Recent Posts

  • 2027 Election
  • Politics
  • Top Stories

“2027 Presidency Not a Computer Game” – Jonathan Speaks On Calls to Contest Again

Former President Jonathan has reacted to calls to contest 2027 presidency.   NewsOnline Nigeria reports…

41 minutes ago
  • Africa
  • Top Stories

President Tinubu Redeploys Fani-Kayode From Germany To South Africa

President Tinubu has approved the redeployment of Fani-Kayode from Germany to South Africa.   NewsOnline…

50 minutes ago
  • Crime Watch
  • Top Stories

NNPCL Under Fire Over Alleged $3.5bn Spent on Port Harcourt, Warri, Kaduna Refineries

NNPCL has come under fire over alleged $3.5bn spent on Port Harcourt, Warri, and Kaduna…

57 minutes ago
  • Headline

BREAKING: Foreign Affairs Minister Bianca Ojukwu Breaks Silence On South Africa Xenophobic Attacks

Foreign Affairs Minister Bianca Ojukwu has broken silence on South Africa Xenophobic attacks on Nigerians.…

8 hours ago
  • Headline

BREAKING: Senate Reverses Controversial Standing Rules Amendment

Senate has reversed controversial standing rules amendment and reopened contest for top leadership positions ahead…

8 hours ago
  • Opinion

Enough Is Enough: Nigeria Must Reject Power Grabbers and Economic Predators

Nigeria is not for sale, and its future must not remain in the hands of…

8 hours ago