News
Black Market Dollar To Naira Exchange Rate Today 4 May 2022
Black market dollar to naira exchange rate today 4 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.
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).
LAGOS PARALLEL MARKET RATES May 4, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 4 dollar to naira black market exchange rate: $1 dollar to naira = ₦588
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, Wednesday, 4 May 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Tuesday, 3 May 2022.
Even though the dollar to naira opened in the parallel market at ₦588 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.
Newsonline Nigeria reports that on the black market, the players buy a dollar for N583 and sell for N588 on Wednesday morning, May 4, 2022, after they bought N583 and sold for N587 on Tuesday, 3 May 2022.
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.
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.
Breaking: FIRS Announces Fresh Recruitment, See Eligibility Criteria, Application Deadline
Primate Ayodele’s Prophecies For 2025
Tinubu’s Aide Condemns Plan To Reinstall ‘Jesus Is Not God’ Banner In Lekki Mosque
President Tinubu’s reforms not responsible for food stampedes – FG
I will be more influential in Nigeria than UK – Tobi Adegboyega
Petrol To Sell ₦935/Litre From Today – IPMAN
2025 Budget Cannot Address Nigeria’s Economic Challenges – Atiku
NIGERIAN BREWERIES PARTNERS OZA CARNIVAL
CAF Made Me Believe I Won – Achraf Hakimi
Oleksandr Usyk defeats Tyson Fury to tetain heavyweight title
Nigerian Emergency Agency NEMA Puts All Offices On Alert Over Fatal Stampedes
We Will Bury PDP, Ibori’s Daughter Blows Hot
Emefiele: EFCC secures final forfeiture of 1.925 hectares of landed property linked to former CBN Governor
Breaking: Okija Stampede: Many Feared De3d @ Nestoil Obi Jackson’s Yuletide Event
Breaking: Abuja Stampede: 10 people including children feared de3d as they scramble for palliative…
News22 hours agoNIGERIAN BREWERIES PARTNERS OZA CARNIVAL
Top Stories9 hours agoTinubu’s Aide Condemns Plan To Reinstall ‘Jesus Is Not God’ Banner In Lekki Mosque
Top Stories4 hours agoBreaking: FIRS Announces Fresh Recruitment, See Eligibility Criteria, Application Deadline
News10 hours agoPetrol To Sell ₦935/Litre From Today – IPMAN
Top Stories10 hours ago2025 Budget Cannot Address Nigeria’s Economic Challenges – Atiku
News10 hours agoPresident Tinubu’s reforms not responsible for food stampedes – FG
Top Stories7 hours agoPrimate Ayodele’s Prophecies For 2025
Entertainment10 hours agoI will be more influential in Nigeria than UK – Tobi Adegboyega