Black market dollar to naira exchange rate today, 22 July 2022

Black market dollar to naira exchange rate today 22 July 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 July 22, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

July 22 dollar to naira black market exchange rate: $1 dollar to naira = ₦630

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 Friday, 22 July 2022, in Lagos Nigeria, after it closed at N620.00 per $1 on Thursday, 21 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 Friday morning, July 22, 2022, after they bought N620 and sold for N625 on Thursday, 21 July 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.