Black Market Dollar To Naira Exchange Rate Today 25th August 2022

Black market dollar to naira exchange rate today 25th 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 ₦695 and the price can change (high or low) within hours.

Newsone has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

August 25 dollar to naira official market exchange rate: $1 dollar to naira =₦421.882

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.

Below you can see the chart for the Nigerian Naira to Dollar rate today compared to the Dollar.

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦421.882 per dollar on Thursday, August 25, 2022, after it closed at ₦423.9208 per $1 on Wednesday, August 24, 2022.

August 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦695

How much is exchange rate of Dollar to Naira in Black Market today?

US Dollar to Naira Black Market Rate Today

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

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LAGOS PARALLEL MARKET RATES August 25, 2022 (BLACK MARKET): dollar to naira exchange rate today black market.

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Lagos parallel market (black market dollar to naira exchange rate today)

The local currency opened at N695.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, August 25, 2022, in Lagos Nigeria after it closed at N687.00 per $1 on Wednesday, August 24, 2022. This represents a change in N8 from the previous day.

Even though the dollar to naira opened in the parallel market at ₦695 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.

READ ALSO:   Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th June 2024

Newsone Nigeria reports that on the black market, the players buy a dollar for N690 and sell for N695 on Thursday, August 25, 2022, after they bought N685 and sold for N687 on Wednesday, August 24, 2022.

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Meanwhile, Newsone Nigeria reports that the USD started this week at ₦687 in Parallel Market also known as Black Market on Monday, August 22, 2022, in Lagos Nigeria, after it opened at  ₦685 last week Monday, August 15, 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.