Connect with us


Business and economy

Black Market Dollar To Naira Exchange Rate Today 24 May 2022

Published

on

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.

Advertisement

 

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
READ ALSO:   FOR THE FOURTH CONSECUTIVE YEAR, ZENITH BANK NAMED 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA

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

 

Advertisement

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.

Advertisement

 

Even though the dollar to naira opened in the parallel market at ₦605 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.

Advertisement
READ ALSO:   London loses position as most valuable European stock market

 

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.

Advertisement

 

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.

Advertisement

 

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
READ ALSO:   Black Market Dollar To Naira Exchange Rate Today 31 May 2022
Advertisement







Also Read...