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 ₦620 and the price can change (high or low) within hours.
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 July 19th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N620.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 19th July 2022, in Lagos Nigeria, after it closed at N615.00 per $1 on Monday, 18th July 2022.
Even though the dollar to naira opened in the parallel market at ₦615 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 N616 and sell for N620 on Tuesday morning, July 19th, 2022, after they bought N610 and sold for N615 on Sunday morning, July 18th, 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦615 in Parallel Market also known as Black Market on Monday, 18 July 2022, in Lagos Nigeria, after it opened at ₦615 last week Monday, 11 July 2022.
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