Black market dollar to naira exchange rate today, 25 April 2022

Black market dollar to naira exchange rate today 24 April 2022 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands.

What it means is that…you can buy or sell 1 dollar at ₦588 and the price can change (high or low) within hours.

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 April 25, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

April 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦585

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N588.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 25 April 2022, in Lagos Nigeria, after it closed at N585.00 per $1 on sunday, 24 April 2022.

Even though the dollar to naira opened in the parallel market at ₦587 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.

Reports has it that on the black market, the players buy a dollar for N583 and sell for N585 on Sunday morning, April 24, 2022, after they bought N583 and sold for N587 on Thursday, 21 April 2022.

Meanwhile, USD started this week at ₦588 in Parallel Market also known as Black Market on Monday, April 18, 2022, in Lagos Nigeria, after it opened at #589 last week Monday, April 11, 2022.

Ameh Jazzia-Becky