Business & Brands

Black Market Dollar To Naira Exchange Rate Today 31 May 2022

Black market dollar to nairGlamtusha exchange rate today 31 May 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 ₦609 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).

LAGOS PARALLEL MARKET RATES May 31, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

May 31 dollar to naira black market exchange rate: $1 dollar to naira = ₦609

 

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N609.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 31 May 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Monday, 30 May 2022.

 

Even though the dollar to naira opened in the parallel market at ₦609 per $1 todayGlamtush reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise 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.

In the black market, the players buy a dollar for N605 and sell for N609 on Tuesday morning, May 31, 2022, after they bought N605 and sold for N609 on Monday, 30 May 2022.

Meanwhile, Glamtush reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, May 23, 2022, in Lagos Nigeria, after it opened at #590 last week Monday, May 16, 2022.

 

DisclaimerGLAMTUSH 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

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…

3 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.  …

22 hours 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…

23 hours 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…

23 hours ago

Simon Ekpa, Four Others Arrested In Finland Over Terrorism Activities

Simon Ekpa and four others have been arrested in Finland over terrorism activities.   Glamtush…

1 day ago

Davido Celebrates 32nd Birthday With ₦300m Donation To Orphanages

Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages.  …

1 day ago