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.

 

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).

 

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

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
READ ALSO:   BREAKING: FG Suspends Resumption Of Service On Abuja-Kaduna Train Line

 

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.

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦735 in Parallel Market also known as Black Market on Monday, 3rd October 2022, in Lagos Nigeria, after it opened at ₦710 last week Monday,  September 26th 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.

News8 hours ago

Nigerians Express Worry Over Pastor Fatoyinbo’s New Look After Months Of Absence From SM(Photos)

News9 hours ago

‘He Recorded His Wife Burning In Fire’ – Lagos Agency Called Out Over Alleged Complicity In Bimbo’s Death

Business and Brands9 hours ago

Why FTX Account Holders Are Unlikely To Get Their Money Back

Top Stories9 hours ago

Segun Showunmi Declares Self Ogun PDP Governorship Candidate Despite Court’s Ruling?

Top Stories9 hours ago

Breaking: Nigeria’s First Surveyor-General Of The Federation Is Dead

News9 hours ago

Ukraine war: Putin tells Russian soldiers’ mothers he shares their pain

Sports9 hours ago

Saudi Arabia’s National Team Gifted Rolls-Royce Phantoms After Historic World Cup Victory

Top Stories9 hours ago

Elon Musk says he’d consider ‘alternative phone’ if Twitter is booted from Apple and Google app stores

Business and Brands23 hours ago

Markets: Bitcoin, Ether fall; Litecoin leads decline across most top 10 crypto

Top Stories23 hours ago

Breaking: Sammie Okposo death: Family releases official statement

Entertainment23 hours ago

I don’t date people who aren’t at least 15 years older than I am – Labour Party spokesperson, Ndi Kato

Entertainment24 hours ago

How Nigerian Top Celebrities Reacted To Sammie Okposo’s Death

Top Stories24 hours ago

2023 Presidency: Atiku, Peter Obi, Others Cannot Match Tinubu’s Achievements – Asari Dokubo

Education24 hours ago

Apply For 2023 France Government Eiffel Excellence Scholarship Program To Study In France

Sports1 day ago

Kevin Durant picks ‘the god’ Steph Curry over Yuta Watanabe in 3-point contest

Also Read...