Black Market Dollar To Naira Exchange Rate Today 7th January 2022

Black market dollar to naira exchange rate today 7th January 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 ₦567 and the price can change (high or low) within hours.

NewsOnline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦415.70 per dollar on Friday, 7 January 2022, after it closed at ₦416.25 per $1 on Thursday, 7 January 2022. This represents a change of -1.49%.

How much is 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 January 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

 

Advertisement

January 7 dollar to naira black market exchange rate: $1 dollar to naira = ₦567

 

Lagos parallel market (black market dollar exchange rate today)

 

Advertisement

The local currency opened at N567.00 per $1 at the parallel market

otherwise known as the black market, today, Friday, 7 January 2022, in Lagos Nigeria after it closed N565.00 per $1 on Thursday, 6 January 2022.

READ ALSO:   Binance gets its first Gulf crypto licence in Bahrain

Even though the dollar to naira opened in the parallel market at ₦567 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.

Advertisement

 

Newsonline Nigeria reports that at the black market, the players buy a dollar for N562 and sell for N567 on Friday morning, January 7, 2022 after they bought N562 and sold for N567 on Thursday morning, January 6.

READ ALSO:   What Tech Aficionados Need To Know As Facebook Launches Smart Sunglasses

 

Advertisement

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦560 in Parallel Market also known as Black Market on Monday, January 3, 2022 in Lagos Nigeria, after it opened at ₦555 last week Monday, December 27, 2021.

 

Advertisement

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.