Business and economy
Black Market Dollar To Naira Exchange Rate Today 9 May 2022
Black market dollar to naira exchange rate today 9 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 9, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 9 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, Monday, 9 May 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Sunday, 8 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 Monday morning, May 9, 2022, after they bought N582 and sold for N587 on Sunday, 8 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 9, 2022, in Lagos Nigeria, after it opened at #587 last week Monday, May 2, 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.
Dele Farotimi released from Ekiti correctional centre
Breaking: Ibadan Stampede: Court Orders Remand Of Ooni’s Ex-Wife, School Principal
Nkechi Blessing gets engaged to younger lover, Xxssive [VIDEO]
GOAT: Who said Messi is better than me – Cristiano Ronaldo
Regina Daniels reveals the best way to predict one’s future as she shares more photos from her vacation
Jay-Z has no ‘plans to show loyalty to longtime friend Diddy’ as he battles r@pe allegation
Selena Gomez flashes gorgeous $1M engagement ring
Toyin Abraham clears the air on her appreciation post
I will not downsize my cabinet — Tinubu vows
Naira appreciates massively against dollar ahead Christmas holidays
BREAKING: “I Have No Regrets” – Tinubu Defends Fuel Subsidy Removal Amid Economic Hardship [VIDEO]
I’m not prepared to downsize my cabinet — Tinubu
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
Top Stories6 hours agoBreaking: Ibadan Stampede: Court Orders Remand Of Ooni’s Ex-Wife, School Principal
Top Stories12 hours agoI’m not prepared to downsize my cabinet — Tinubu
Sports8 hours agoGOAT: Who said Messi is better than me – Cristiano Ronaldo
Entertainment8 hours agoJay-Z has no ‘plans to show loyalty to longtime friend Diddy’ as he battles r@pe allegation
Entertainment8 hours agoRegina Daniels reveals the best way to predict one’s future as she shares more photos from her vacation
Entertainment8 hours agoNkechi Blessing gets engaged to younger lover, Xxssive [VIDEO]
News6 hours agoDele Farotimi released from Ekiti correctional centre
News12 hours agoBREAKING: “I Have No Regrets” – Tinubu Defends Fuel Subsidy Removal Amid Economic Hardship [VIDEO]