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 ₦710 and the price can change (high or low) within hours.
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 September 15th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
September 14th dollar to naira black market exchange rate: $1 dollar to naira = ₦710
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N710.00 per $1 at the parallel market otherwise known as the black market today Thursday, 14th September 2022, in Lagos Nigeria, after it closed at N707.00 per $1 on Wednesday, 14th September 2022.
Even though the dollar to naira opened in the parallel market at ₦710 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 in the black market, the players buy a dollar for N707 and sell for N710 on Thursday, September 14, 2022, after they bought N703 and sold for N706 on Wednesday, September 14, 2022. This means the exchange rate changed its position from the previous day.
Meanwhile, the USD started this week at ₦710 in Parallel Market also known as Black Market on Monday, September 12, 2022, in Lagos Nigeria, after it opened at ₦702 last week Monday, September 5, 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.
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