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 May 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N588.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 5 May 2022, in Lagos Nigeria, after it closed at N587.00 per $1 on Wednesday, 4 May 2022.
Even though the dollar to naira opened in the parallel market at ₦588 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 N583 and sell for N588 on Thursday morning, May 5, 2022, after they bought N583 and sold for N587 on Wednesday, 4 May 2022.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
