Categories: Latest News

Black market dollar to naira exchange rate today 16 August 2022

Black market dollar to naira exchange rate today 16 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 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

August 15  dollar to naira black market exchange rate: $1 dollar to naira = ₦677

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N677.00 per $1 at the parallel market otherwise known as the black market today Tuesday in Lagos Nigeria, after it closed at N676.00 per $1 on Monday, 15 August 2022.

Even though the dollar to naira opened in the parallel market at ₦677 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 N677 and sell for N680 on Tuesday morning, August 16, 2022, after they bought N676 and sold for N680 on Monday, 15 August 2022.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Police arrest two suspected armed robbers in Lagos

The Lagos State Police Command has arrested two suspects for alleged robbery in the Amukoko…

1 hour ago

EPL: Merino Goal Seals Arsenal Win Over Chelsea

Mikel Merino scored the decisive goal as Arsenal secured a 1-0 victory over Chelsea, cutting…

1 hour ago

Nightclub fire kills 51, injures over 100 in North Macedonia

At least 51 people were killed and more than 100 injured after a fire broke…

2 hours ago

NDLEA intercepts drug shipments hidden in prayer beads, clothing, vitamin bottles

The National Drug Law Enforcement Agency (NDLEA) has successfully intercepted numerous drug shipments, hidden in…

3 hours ago

Troops arrest two kidnappers, recover weapons in Plateau

Nigerian Army troops from 3 Division/Operation Safe Haven have arrested two notorious kidnappers, Bashir Mohammed…

5 hours ago

How to relocate to Europe without a skilled worker visa

Relocating to Europe as a non-EU national without a skilled worker visa involves exploring various…

12 hours ago