Business and economy
Black Market Dollar To Naira Exchange Rate Today 24 May 2022
Black market dollar to naira exchange rate today 24 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 ₦605 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 24, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 24 dollar to naira black market exchange rate: $1 dollar to naira = ₦605
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N605.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 24 May 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Monday, 23 May 2022.
Even though the dollar to naira opened in the parallel market at ₦605 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 N600 and sell for N605 on Tuesday morning, May 24, 2022, after they bought N598 and sold for N605 on Monday, 23 May 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, May 23, 2022, in Lagos Nigeria, after it opened at #590 last week Monday, May 16, 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.
- News10 hours ago
Breaking: Tinubu Makes Fresh Appointment
- News7 hours ago
#USElection2024 Live Updates: Trump Vs Harris…Latest Results…Latest Polls
- Top Stories10 hours ago
Hardship: We’ll No Longer Watch Anyone Insult Tinubu – Doyin Okupe Vows
- Top Stories9 hours ago
#USElection2024: Trump, Harris close campaign in swing states on eve of deadlocked election
- Entertainment23 hours ago
BBNaija’s Dorathy goes naughty on her birthday(Photos)
- Top Stories3 hours ago
Breaking: House Of Reps Finance Committee Visits FIRS
- Top Stories23 hours ago
Breaking: Tinubu Directs Release Of Minors Arraigned For Hunger Protests
- News23 hours ago
I didn’t lose 2023 election, you stole it – Atiku to Tinubu