Business & Brands

Black Market Dollar To Naira Exchange Rate Today 11 September 2022

Black market dollar to naira exchange rate today 11 September 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 ₦706 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).

Dollar to Naira exchange rate today

LAGOS PARALLEL MARKET RATES September 11, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

 

September 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦706

 

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N706.00 per $1 at the parallel market otherwise known as the black market today Sunday, 11 September 2022, in Lagos Nigeria, after it closed at N705.00 per $1 on Saturday, 10 September 2022.

 

Even though the dollar to naira opened in the parallel market at ₦706 per $1 today, Glamtush 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.

 

Glamtush reports that on the black market, the players buy a dollar for N703 and sell for N706 on Sunday morning, September 11, 2022, after they bought N703 and sold for N706 on Saturday, 10 September 2022.

 

Meanwhile, the USD started this week at ₦700 in Parallel Market also known as Black Market on Monday, 5 September 2022, in Lagos Nigeria, after it opened at ₦692 last week Monday, 29 August 2022.

 

Disclaimer: GLAMTUSH does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

GLAMTUSH

Recent Posts

Fidelity Bank To Give Out N159 Million In GAIM 6 Promo

Fidelity Bank is set to give out N159 million in its GAIM 6 promo.  …

6 hours ago

Zenith Tech Fair 4.0 Concludes With Hackathon Winners Receiving N77.5M In Cash Prizes

Zenith Tech Fair 4.0 has concluded, with hackathon winners receiving N77.5M in cash prizes.   Glamtush…

9 hours ago

Dubai Racing Club Announces Zoho As Exclusive Technology Partner

Dubai Racing Club has announced Zoho as its exclusive technology partner.   Glamtush reports that…

16 hours ago

PHOTOS: Davido Receives Luxury Car From Auto Firm For 32nd Birthday

Davido has received a luxury car from an auto firm for his 32nd birthday.  …

1 day ago

VIDEO: How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

1 day ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

Accuses detractors of peddling news of alleged governorship ambition.   Speaker of the Lagos State…

1 day ago