Black market dollar to naira exchange rate today 7 August 2022

Black market dollar to naira exchange rate today 7 August 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 August 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

August 7 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 Sunday, 7 August 2022, in Lagos Nigeria, after it closed at N635.00 per $1 on Saturday, 6 August 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 N630 and sell for N635 on Sunday morning, August 7, 2022, after they bought N630 and sold for N635 on Saturday, 6 August 2022.