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 9, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
May 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦N570
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at NN570 per $1 at the parallel market otherwise known as the black market, today, Monday, 9 May 2022, in Lagos Nigeria, after it closed at NN570 per $1.
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 NN590 on Monday morning, May 9, 2022, after they bought N570 and sold for NN590.
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