Categories: Economy And Business Headline

Black Market Dollar To Naira Exchange Rate Today 8 June 2022

Black market dollar to naira exchange rate today 8 June 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 ₦609 and the price can change (high or low) within hours.

 

BREAKING: Naira Falls Massively First Day Of June 2022, 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 June 8, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

June 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦609

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N609.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 8 June 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Tuesday, 7 June 2022.

 

Even though the dollar to naira opened in the parallel market at ₦609 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 N605 and sell for N609 on Tuesday morning, June 7, 2022, after they bought N605 and sold for N609 on Monday, 6 June 2022.

 

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 6 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday,  30 May 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

  • Brands & Marketing

GTCO Announces Record ₦12.76 Dividend, Shareholders Applaud Strong 2025 Performance

GTCO has announced record ₦12.76 dividend as shareholders applaud strong 2025 performance.   NewsOnline Nigeria…

9 hours ago
  • Headline
  • Politics

BREAKING: Datti Baba-Ahmed Dumps Labour Party, Set to Join Peoples Redemption Party

Datti Baba-Ahmed has dumped Labour Party and is set to join Peoples Redemption Party.  …

9 hours ago
  • 2027 Election
  • Headline

Labour Party Elects Nenadi Usman as First Female National Chairman Ahead of 2027 Elections

Labour Party has elected Nenadi Usman as First Female National Chairman ahead of 2027 elections.…

9 hours ago
  • Opinion

Power at All Costs: The Illusion of Wealth Without Purpose By Festus Edovia

It is often worth asking: why do some people struggle to acquire everything; wealth, influence,…

9 hours ago
  • Opinion

Power Without Solutions: When Politics Overshadows Governance in Nigeria By Festus Edovia

It is becoming increasingly difficult to ignore a troubling reality in Nigeria today: the gap…

10 hours ago
  • Opinion

From Oppressed to Apologists: Defending the Failed Leaders Who Keep Nigerians Poor By Festus Edovia

It is deeply troubling that many of the people suffering the most from bad governance…

10 hours ago