• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, June 1, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

BREAKING: Naira Falls Massively At Black Market, See New Exchange Rate

by NewsOnline Nigeria
January 24, 2022
in Economy And Business, Headline
0
Dollar

Naira

Naira has started the new week with a massive fall at the black market.

 

 

Newsonline reports that the Nigerian official currency, Naira on Monday, January 24, 2022, fell massively against the British Pounds and Euro, days after maintaining same position at the parallel market better known as the black market.

 

This online news platform understands that while the naira has fallen against Pounds and Euro, it however, maintained the position it closed last week against the United States dollar at the black market.

 

 

A survey conducted by Newsonline Nigeria at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Monday morning, January 24, 2022, shows that the naira to usd exchanged at N570/$1, while pounds to naira exchanged at N755/£1 and euro to naira exchanged at N645/1€ in what is a massive fall of the naira against pounds and euro.

 

New Week: Monday, January 24, 2022 black exchange rates:

 

1 dollar to naira = N570/$1
1 pound to naira = N645/1€
1 euro to naira = N755/£1 

 

 

I want to sell pounds and I want to buy pounds: I want to change naira to pounds how much is it?

 

Newsonline reports that in the black market, the players buy pounds for ₦750 and sell for ₦755 on Monday morning, January 24, 2022, after they bought ₦730 and sold for ₦735 on Sunday, January 23. This represents a change of N20 from last week.

 

I want to sell euro and I want to buy euro: I want to change naira to euro how much is it?

 

Newsonline reports that in the black market, the players buy euro for ₦640 and sell for ₦635 on Monday morning, January 24, 2022, after they bought ₦630 and sold for ₦635 on Sunday morning, January 23. This represents a change of N10 from last week.

I want to sell dollar and I want to buy dollar: I want to change naira to dollar how much is it?

 

Newsonline Nigeria reports that at the black market, the players buy a dollar for N565 and sell for N570 on Monday morning, January 24, 2022 after they bought N565 and sold for N570 on Sunday, 23 January 2022.

 

 

Even though the dollar to naira opened in the parallel market at ₦570 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.

BREAKING: Naira Starts New Week With A Massive Fall, See New Exchange Rate
CBN Governor, Godwin Emefiele.

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 24, 2022 in Lagos Nigeria, same amount it opened at last week Monday, January 17, 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.

Previous Post

BREAKING: JAMB Announces Date For 2022 UTME, DE Registration

Next Post

Kazim Adeoti Biography: Profile Of Mercy Aigbe’s New Husband, Career, Family

Next Post
Kazim Adeoti Biography

Kazim Adeoti Biography: Profile Of Mercy Aigbe’s New Husband, Career, Family

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

+447743746184 WHATSAPP ONLY

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria