Connect with us




News

Black Market Dollar To Naira Exchange Rate Today 2 May 2022

Published

on

Black market dollar to naira exchange rate today 2 May 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 ₦588 and the price can change (high or low) within hours.

 

Black market dollar to naira 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).

Advertisement

LAGOS PARALLEL MARKET RATES May 2, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

May 2 dollar to naira black market exchange rate: $1 dollar to naira = ₦588

 

READ ALSO:   We Are Not Going Anywhere - Tiktok Resacts To Trump's Threat

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N588.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 2 May 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Sunday, 1 May 2022.

Advertisement

 

Even though the dollar to naira opened in the parallel market at ₦588 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.

READ ALSO:   Wife of Popular Nigerian Bishop Felix Okpara Duruebube reacts after he was indicted for alleged rape of 16-year-old member

 

Newsonline Nigeria reports that on the black market, the players buy a dollar for N583 and sell for N588 on Monday morning, May 2, 2022, after they bought N583 and sold for N587 on Sunday, 1 May 2022.

Advertisement

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, May 2, 2022, in Lagos Nigeria, after it opened at #587 last week Monday, April 25, 2022.

 

DisclaimerCITYNEWS 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

News1 min ago

2023: ‘Tinubu Kept Calling To Give Me Appointment’ – Naja’atu Mohammed Replies Keyamo

Top Stories2 hours ago

Breaking! Over 1,300 Killed As Powerful Quake Rocks Turkey, Syria

Politics3 hours ago

2023: ‘Peter Obi Is An Opportunist’ – Seun Kuti Reveals Those That Can Save Nigeria

Top Stories3 hours ago

BREAKING: APC States Drag Buhari’s Govt, CBN To Court Over Naira Scarcity

Top Stories3 hours ago

BREAKING: Fresh protest erupts in Ibadan over naira, petrol scarcity

Top Stories6 hours ago

2023: Fresh Poll Puts Peter Obi Ahead Of Bola Tinubu, Atiku…APC Reacts

News6 hours ago

Naira Scarcity: Prophet Odumeje ‘Destroys’ Nigerian Banks (VIDEO)

Top Stories6 hours ago

Father Mbaka Predicts Doom For Buhari, CBN Governor…Says ‘You Will Suffer’

News10 hours ago

Female Chorister Discovered To Be A Man After Death In Port Harcourt (Photos)

Top Stories10 hours ago

2023: Shehu Sani Speaks On Identity Of Aso Rock ‘Cabals’ Working Against Tinubu

Top Stories10 hours ago

BREAKING: Nigerian Singer Tems Wins First #Grammy Award(Video)

Top Stories20 hours ago

Tinubu: You’re A Political Prostitute, Wanderer And Backstabber – Keyamo Blasts Dogara’

Entertainment20 hours ago

Naira Scarcity: Simi Joins Gang Of New Naira Sprayers @ Social Functions(Video)

News20 hours ago

MC Oluomo’s Kids Video Spraying Loads Of New Notes On Kwam 1 Amidst Scarcity Goes Viral

Top Stories20 hours ago

Breaking!Tinubu: Dogara Replies Festus Keyamo After Calling Him ‘Prostitute’ And Betrayal’

Also Read...