Connect with us


News

Black Market Dollar To Naira Exchange Rate Today 18 June 2022

Published

on

Black market dollar to naira exchange rate today 18 June 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.

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:   Top Nigerian Newspaper Headlines For Today, Thursday, 5th October, 2023

LAGOS PARALLEL MARKET RATES June 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

June 18 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 Saturday, 18 June 2022, in Lagos Nigeria, after it closed at N607.00 per $1 on Friday, 17 June 2022.

Advertisement

Even though the dollar to naira opened in the parallel market at ₦609 per $1 todayNewsone 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.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 13 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 6 June 2022.

DisclaimerNEWSONE 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 (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024
Advertisement

Also Read...