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Black Market Dollar To Naira Exchange Rate Today October 5 2022
Black market dollar to naira exchange rate today October 5 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 ₦745 and the price can change (high or low) within hours.
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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 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
October 5 dollar to naira black market exchange rate: $1 dollar to naira = ₦745
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Wednesday, October 5 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Tuesday 4, October 2022.
Even though the dollar to naira opened in the parallel market at ₦735 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 N740 and sell for N745 on Wednesday morning, October 5, 2022, after they bought N735 and sold for N740 on Tuesday, October 4 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.
Disclaimer: NEWSONLINE 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.
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