Business and economy
Black Market Dollar To Naira Exchange Rate Today 25 May 2022
Black market dollar to naira exchange rate today 25 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 25, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 25 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, Wednesday, 25 May 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Tuesday, 24 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 Wednesday morning, May 25, 2022, after they bought N600 and sold for N605 on Tuesday, 24 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.
Olamide Didn’t’Blow’ Me…I Was Already Famous Before He Assisted Me – Portable
VIDEO: You’re A Serial Betrayal – Deji Adeyanju Replies Wike, Compares Him To Portable
2027: You are taking your desperation too far – Ohanaeze youths slam Atiku
Food, fuel price hikes push Nigeria’s inflation to 33.88% in October
BREAKING: Late COAS Lagbaja laid to rest amid tears, tributes
“How my South African partner defrauded me of $3.5m” – Common Sense Senator,Ben Murray Bruce
Breaking: Tinubu Confers Posthumous CFR Honour On Late COAS Lagbaja
Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman
$6 Billion Mambilla Saga: Judge Blows Hot, Warns Agunloye’s Lawyer Over Delay Tactics
Perish The Thought,You Aren’t Destined To Be President – Wike’s Aide To Atiku
Olamide, king of Nigerian street music – Shallipopi
EFCC arraigns Chinese for bribery, N301 million fraud in Lagos
I Can’t Control Narratives About My Marriage To Mercy Aigbe – Kazim Adeoti
Rapper Meek Mill disowns Diddy after years of association
Canadian Immigration Minister says “no automatic pathway from study permits to permanent residency”
Entertainment24 hours agoDrama As ‘Baltasar Engonga’ was cornered and fl0gged by husbands of the women he sl3eps with(video)
News10 hours ago“How my South African partner defrauded me of $3.5m” – Common Sense Senator,Ben Murray Bruce
Top Stories20 hours agoPerish The Thought,You Aren’t Destined To Be President – Wike’s Aide To Atiku
Top Stories24 hours agoEight Governorship Candidates Declare Support For Aiyedatiwa 48 Hours To Ondo Election
Top Stories10 hours ago2027: You are taking your desperation too far – Ohanaeze youths slam Atiku
News20 hours ago$6 Billion Mambilla Saga: Judge Blows Hot, Warns Agunloye’s Lawyer Over Delay Tactics
Top Stories11 hours agoBreaking: Tinubu Confers Posthumous CFR Honour On Late COAS Lagbaja
Sports24 hours agoRoma re-appoint Claudio Ranieri for third time as new head coach