Categories: News

Black Market Dollar To Naira Exchange Rate Today 9th March 2022

Black market dollar to naira exchange rate today 9 March 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 thatyou can buy or sell 1 dollar at ₦577 and the price can change (high or low) within hours.

How much is exchange rate of Dollar to Naira in Black Market today?

Advertisement

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 March 9, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

Advertisement

March 9th dollar to naira black market exchange rate: $1 dollar to naira = ₦577

Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)

The local currency opened at N577.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 9 March 2022, in Lagos Nigeria, after it closed N577.00 per $1 on Tuesday morning, March 8, 2022.

Even though the dollar to naira opened in the parallel market at ₦577 per $1 todayNewsone reports that the Central Bank of Nigeria (CBN) does not recognize 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

Newsone Nigeria reports that at the black market, the players buy a dollar for N572 and sell for N577 on Wednesday morning, March 9, 2022, after they bought N572 and sold for N577 on Tuesday morning, March 8, 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦577 in Parallel Market also known as Black Market on Monday, March 7, 2022, in Lagos Nigeria, after it opened at 576 last week Monday, February 28, 2022.

Advertisement

Disclaimer: CITYNEWS 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.

 

Advertisement
Sola Adeyemo

Recent Posts

Breaking: FIRS Announces Fresh Recruitment, See Eligibility Criteria, Application Deadline

The Federal Inland Revenue Service (FIRS) has begun its recruitment exercise for experienced professionals to…

4 hours ago

Primate Ayodele’s Prophecies For 2025

Primate Elijah Ayodele Unveils 94-Page Prophecy for 2025, Makes Striking Predictions About Nigeria’s Political and…

7 hours ago

Tinubu’s Aide Condemns Plan To Reinstall ‘Jesus Is Not God’ Banner In Lekki Mosque

The Senior Special Assistant to President Bola Tinubu on Community Engagement (North Central), Abiodun Essiet,…

9 hours ago

President Tinubu’s reforms not responsible for food stampedes – FG

The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…

9 hours ago

I will be more influential in Nigeria than UK – Tobi Adegboyega

Tobi Adegboyega, founder of the Salvation Proclaimers Anointed Church (SPAC Nation), has stated that he…

9 hours ago

Petrol To Sell ₦‎935/Litre From Today – IPMAN

The Independent Petroleum Marketers Association of Nigeria has said that petrol is going to sell…

9 hours ago