Black market dollar to naira exchange rate today 25 March 2022

Black market dollar to naira exchange rate today 25 March 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 ₦580 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 March 25, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦584

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N584.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 25 March 2022, in Lagos Nigeria, after it closed N580.00 per $1 on Friday, 24 March 2022.

Even though the dollar to naira opened in the parallel market

at ₦584 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 VOICEreports that at the black market, the players buy a dollar for N578 and sell for N584 on Friday morning, March 25, 2022, after they bought N577 and sold for N580 on Thursday, 24 March 2022.

Meanwhile, IDOMA VOICE reports that the USD started this week at ₦585 in Parallel Market also known as Black Market on Monday, March 21, 2022, in Lagos Nigeria, after it opened at 579 last week Monday, March 14, 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

Guinea’s Junta leader, Mamady Doumbouya elevates himself to Army General

Guinea's junta leader, Mamady Doumbouya, has elevated himself to the rank of army general as…

2 hours ago

Full list of what Tinubu achieved in October

The media team of President Bola Ahmed Tinubu has unveiled the administration's scorecard for October,…

2 hours ago

Food insecurity crisis: UN predicts 7 million more hungry Nigerians by August 2025

The United Nations (U.N.) has projected that an additional 7 million Nigerians will face hunger…

10 hours ago

Latest update on fuel price hike, fuel scarcity for November 2nd, 2024

As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…

10 hours ago

Electricity restored in Yobe, Borno States as TCN completes transmission line repairs

The Transmission Company of Nigeria (TCN) has announced the full restoration of electricity supply to…

10 hours ago

Naira appreciates by 0.52% against Dollar, closing at N1,666.72

The Naira experienced an appreciation on Friday at the official market, with a trading rate…

10 hours ago