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 20, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 20 dollar to naira black market exchange rate: $1 dollar to naira = ₦682
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N682.00 per $1 at the parallel market otherwise known as the black market today Saturday in Lagos Nigeria, after it closed at N680.00 per $1 on Friday, 19 August 2022.
Even though the dollar to naira opened in the parallel market at ₦682 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 N682 and sell for N685 on Saturday morning, August 20, 2022, after they bought N680 and sold for N682 on Friday, 19 August 2022.
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