The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The local currency opened at N587.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 1 May 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Saturday, 30 April 2022.
Even though the dollar to naira opened in the parallel market at ₦587 per $1 today, IDOMA VOICE 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.
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