News
Black Market Dollar To Naira Exchange Rate Today 20 August 2022
Black market dollar to naira exchange rate today 20 August 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 ₦685 and the price can change (high or low) within hours.
Naira Appreciates Across Markets After CBN Assures of Stability
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 August 20, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 20 dollar to naira black market exchange rate: $1 dollar to naira = ₦685
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N685.00 per $1 at the parallel market otherwise known as the black market today Saturday, 20 August 2022, in Lagos Nigeria, after it closed at N685.00 per $1 on Friday, 19 August 2022.
Even though the dollar to naira opened in the parallel market at ₦650 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 N680 and sell for N685 on Saturday morning, August 20, 2022, after they bought N680 and sold for N685 on Friday, 19 August 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦685 in Parallel Market also known as Black Market on Monday, 15 August 2022, in Lagos Nigeria, after it opened at ₦685 last week Monday, 8 August 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.
- Top Stories6 hours ago
Dele Farotimi Speaks on Lying Against Afe Babalola After Gaining Freedom
- News15 hours ago
BREAKING: OZA CARNIVAL SECURES TOLARAM GROUP, ZENITH BANK PARTNERSHIPS
- Top Stories6 hours ago
Court Orders DSS To Release Miyetti Allah President Pending Trial
- Politics6 hours ago
PDP Picks Holes In President Tinubu’s Media Chat
- News6 hours ago
100+ Merry Christmas Wishes and Prayers to Send to Family & Friends on Xmas 2024
- Entertainment5 hours ago
Prophet Odumeje issues warning to those discrediting his miracles
- Entertainment5 hours ago
Comedian AY Clarifies Claims Of Shading Funke Akindele, Toyin Abraham,Ladies In Hollywood
- Entertainment4 hours ago
Seyi Edun wins hearts as she makes peace with Toyin Abraham, shows support for her new movie; Toyin reacts (Video)