Black market dollar to naira exchange rate today 2 March 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 ₦577 and the price can change (high or low) within hours.
March 2nd dollar to naira official market exchange rate: $1 dollar to naira =₦415.58
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦415.58 per dollar on Wednesday, 2 March 2022, after it closed at ₦416.67 per $1 on Tuesday, 1 March 2022. This represents a change of 0.00%.
How much is the exchange rate of the Dollar to Naira in the 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 March 2, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
March 2nd dollar to naira black market exchange rate: $1 dollar to naira = ₦577
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N577.00 per $1 at the parallel market
otherwise known as the black market, today, Wednesday, 2 March 2022
, in Lagos Nigeria
after it closed N580.00 per $1 on Monday, 1 March 2022
Even though the dollar to naira opened in the parallel market at ₦577 per $1 today, Glamtushreports 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.
Glamtushreports that at the black market, the players buy a dollar for N572 and sell for N577 on Wednesday morning, March 2, 2022 after they bought N575 and sold for N580 on Tuesday, 1 March 2022.