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 July 21, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N630.00 per $1 at the parallel market otherwise known as the black market today Thursday, 21 July 2022, in Lagos Nigeria, after it closed at N620.00 per $1 on Wednesday, 20 July 2022.
Even though the dollar to naira opened in the parallel market at ₦620 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 N625 and sell for N630 on Thursday morning, July 21, 2022, after they bought N620 and sold for N625 on Wednesday, 20 July 2022.
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