Black Market Dollar To Naira Exchange Rate Today 25 September 2022

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N715.00 per $1 at the parallel market otherwise known as the black market today Sunday, 25 September 2022, in Lagos Nigeria, after it closed at N710.00 per $1 on Saturday, 24 September 2022.

Even though the dollar to naira opened in the parallel market at ₦715 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.

Meanwhile, Glamtush reports that the USD started this week at ₦708 in Parallel Market also known as Black Market on Monday, 19 September 2022, in Lagos Nigeria, after it opened at ₦700 last week Monday, 12th September 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.