News
Black Market Dollar To Naira Exchange Rate Today 18 June 2022
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.
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 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.
Even though the dollar to naira opened in the parallel market at ₦609 per $1 today, Newsone 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.
Newsone Nigeria reports that on the black market, the players buy a dollar for N600 and sell for N605 on Saturday morning, June 18, 2022, after they bought N601 and sold for N607 on Friday, 17 June 2022.
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.
Disclaimer: NEWSONE 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.
- Business and Brands12 hours ago
Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion
- Entertainment14 hours ago
Dino Melaye declares Davido, leader of Nigerian music industry
- Top Stories13 hours ago
Nigerian Banks close 2million accounts over linkage of BVN, NIN
- News12 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024
- Top Stories13 hours ago
Trump faces prospect of additional sanctions in hush money trial as key witness resumes testimony
- World13 hours ago
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
- News12 hours ago
Top Nigerian Newspaper Headlines For Today, Thursday, 2nd May, 2024
- Top Stories13 hours ago
The President Can’t Tell Me Not To Cut Off A Narcissist, Toxic Manipulator’ – FFK’s Estranged Wife, Precious Chikwendu declares