Categories: News

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.

 

Advertisement

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 thatyou 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.

Advertisement

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.

Advertisement

1 USD = 421.882 NGN
1 Dollars = 421.882 Nigerian Naira
The USDNGN rate as of 25 Aug 2022 at 2:15 PM

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

Advertisement

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.

Advertisement

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?

Advertisement

US Dollar to Naira Black Market Rate Today

Advertisement

Dollar to Naira (USD to NGN) Black market dollar to naira
Buying Rate 690
Selling Rate 687

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

Advertisement
Black market dollar to naira exchange rate today

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 todayNewsone 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 N690 and sell for N695 on Thursday, August 25, 2022, after they bought N685 and sold for N687 on Wednesday, August 24, 2022.

Advertisement

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.

Advertisement
Sola Adeyemo

Recent Posts

Trump picks Scott Bessent, the ‘investor favorite,’ for Treasury secretary

President-elect Donald Trump announced Friday evening that investor Scott Bessent will be his nominee for…

1 hour ago

Wike, G5 Governors Out To Destroy PDP – Rep Member Ugochinyere

A member of the House of Representatives from Ideato North and South Federal Constituency of…

2 hours ago

Why Nigerians are in pain, difficulties amid Tinubu’s reforms – Edun

Minister of Finance, Wale Edun, has said that non-implementation of economic reforms by past administrations…

2 hours ago

Naira Depreciates To ₦‎1,750/$ In Parallel Market

The Naira on Friday depreciated to N1,750 per dollar in the parallel market from N1,745…

2 hours ago

Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe

A member of the All Progressives Congress (APC), Joe Igbokwe, has said Seyi Tinubu, son…

19 hours ago

Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB

IPOB PRESS RELEASE 22/11/2024 SIMON EKPA IS NOT AN IPOB MEMBER AND MUST NOT BE…

22 hours ago