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 ₦740 and the price can change (high or low) within hours.
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 TODAY: dollar to naira exchange rate today black market.
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | 735 |
Selling Rate | 740 |
The local currency opened at N740.00 per $1 at the parallel market otherwise known as the black market today Monday, December 5, 2022.
Even though the dollar to naira opened in the parallel market at ₦740 per $1 today, NewsOnline Nigeria 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 reports that on the black market, the players buy a dollar for N735 and sell for N740 on Monday morning, 5th December 2022, after they bought N740 and sold for N735 on Sunday, December 4, 2022.
Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦740 in Parallel Market also known as Black Market on Monday, 05 November 2022, in Lagos Nigeria, after it opened at ₦770 last week Monday, November 28, 2022.
FG has issued a directive for the total implementation of the Cybercrimes Act 2024. …
Nigeria's agricultural sector has long been a significant contributor to national growth, with the potential…
IPOB has declared May 30th Sit-At-Home Day to pay tribute to Biafran Soldiers. NewsOnline…
FG has vowed not to pay ₦615,000 Minimum Wage demand to the Organized Labour claiming…
European Countries that are giving Work visas to Nigerians with ease in 2024 can be…
At the 2024 Medic West Africa Event, organised by ABCHealth in collaboration with Informa Markets,…