Connect with us


News

Black Market Dollar To Naira Exchange Rate Today October 3 2022

Published

on

Black market dollar to naira exchange rate today October 3 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 that…you can buy or sell 1 dollar at ₦735 and the price can change (high or low) within hours.

Advertisement

Naira Crashes To Record Low, See New Exchange Rates

 

Black market dollar to naira exchange rate
Black market dollar to naira 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 October 3, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

October 3 dollar to naira black market exchange rate: $1 dollar to naira = ₦735

Lagos parallel market (black market dollar exchange rate today)

 

Advertisement

The local currency opened at N735.00 per $1 at the parallel market otherwise known as the black market today Monday, October 3 2022, in Lagos Nigeria, after it closed at N735.00 per $1 on Sunday,  October 2022.

Even though the dollar to naira opened in the parallel market

Advertisement
READ ALSO:   Breaking: Trial of Former President Goodluck Jonathan aide, Ngozi Olejeme in alleged N3bn fraud stalled...

at ₦735 per $1 todayNewsonline 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. 

Advertisement

 

Newsonline Nigeria reports that on the black market, the players buy a dollar for N730 and sell for N735 on Monday morning, October 3, 2022, after they bought N730 and sold for N735 on Sunday, October 2 2022.

Advertisement

 

DisclaimerCITYNEWS 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

Also Read...