Business and economy
Black Market Dollar To Naira Exchange Rate Today 29 May 2022
Black market dollar to naira exchange rate today 29 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 ₦609 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 29, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 29 dollar to naira black market exchange rate: $1 dollar to naira = ₦609
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N609.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 29 May 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Saturday, 28 May 2022.
Even though the dollar to naira opened in the parallel market at ₦609 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Newsonline Nigeria reports that on the black market, the players buy a dollar for N605 and sell for N609 on Sunday morning, May 29, 2022, after they bought N605 and sold for N609 on Saturday, 28 May 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, May 23, 2022, in Lagos Nigeria, after it opened at #590 last week Monday, May 16, 2022.
Disclaimer: CITYNEWS NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
Crisis Rocks Celestial Church In Lagos State Over Controversial N5million Donation
Kayode, Chairman of Greenwich Merchant Bank receives NBCC 2024 Leadership Award
Kunle Afolayan finally reconciles with brother, Aremu at mother’s burial
TINUBU, AKPABIO ALLEGEDLY ON WAR PATH OVER N687BILLION PADDED INTO THE 2024 BUDGET
Trump picks Scott Bessent, the ‘investor favorite,’ for Treasury secretary
Wike, G5 Governors Out To Destroy PDP – Rep Member Ugochinyere
Why Nigerians are in pain, difficulties amid Tinubu’s reforms – Edun
Naira Depreciates To ₦1,750/$ In Parallel Market
Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe
Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB
NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024
My husband assaulted me, ruined my career – Olajumoke Onibread
“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President
Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget
2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu
News9 hours agoTINUBU, AKPABIO ALLEGEDLY ON WAR PATH OVER N687BILLION PADDED INTO THE 2024 BUDGET
News3 hours agoKunle Afolayan finally reconciles with brother, Aremu at mother’s burial
Top Stories2 hours agoCrisis Rocks Celestial Church In Lagos State Over Controversial N5million Donation
Politics11 hours agoWhy Nigerians are in pain, difficulties amid Tinubu’s reforms – Edun
News11 hours agoWike, G5 Governors Out To Destroy PDP – Rep Member Ugochinyere
Top Stories11 hours agoNaira Depreciates To ₦1,750/$ In Parallel Market
Top Stories11 hours agoTrump picks Scott Bessent, the ‘investor favorite,’ for Treasury secretary
News2 hours agoKayode, Chairman of Greenwich Merchant Bank receives NBCC 2024 Leadership Award