News
Black Market Dollar To Naira Exchange Rate Today 20 July 2022
Black market dollar to naira exchange rate today 20 July 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 ₦630 and the price can change (high or low) within hours.
Naira Crashes Massively at the Black Market, See New 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).
LAGOS PARALLEL MARKET RATES July 20, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
July 20 dollar to naira black market exchange rate: $1 dollar to naira = ₦630
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N630.00 per $1 at the parallel market otherwise known as the black market today Wednesday, 20 July 2022, in Lagos Nigeria, after it closed at N620.00 per $1 on Tuesday, 19 July 2022.
Even though the dollar to naira opened in the parallel market at ₦630 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 N625 and sell for N630 on Wednesday morning, July 20, 2022, after they bought N620 and sold for N625 on Tuesday, 19 July 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦625 in Parallel Market also known as Black Market on Monday, 18 July 2022, in Lagos Nigeria, after it opened at ₦610 last week Monday, 11 July 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.
- Politics17 hours ago
16 banking transactions exempted from CBN’s new cybersecurity levy
- Top Stories17 hours ago
Taiwo Cole Reacts As Family Issues Disclaimer Rejecting His Wife, Wofai Fada
- Top Stories17 hours ago
CBN directs banks to charge 0.5% Cybersecurity levy
- Top Stories17 hours ago
BREAKING: JAMB releases withheld 2024 UTME results
- News17 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 7th May 2024
- Sports17 hours ago
Osimhen Refuses To Celebrate After Scoring Against Maduka Okoye
- News12 hours ago
Breaking: DMO to issue May FGN Savings Bond at 17.4% and 18.4%, highest rates ever
- Entertainment17 hours ago
“You forced yourself into my world with your juju, charm and witchcrafty” – Harrysong blows hot…