Black market dollar to naira exchange rate today 12 August 2022

Black market dollar to naira exchange rate today 12 August 2022 can be accessed below.

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 August 12, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

August 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦680

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N680.00 per $1 at the parallel market otherwise known as the black market today Friday in Lagos Nigeria, after it closed at N665.00 per $1 on Thursday day, 11 August 2022.

Even though the dollar to naira opened in the parallel market at ₦680 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.

IDOMA VOICE reports that on the black market, the players buy a dollar for N680 and sell for N685 on Friday morning, August 11, 2022, after they bought N660 and sold for N665 on Thursdayq‍, 10 August 2022.