Black market dollar to naira exchange rate today 3rd May 2022 can be accessed below.
Even though the dollar to naira opened in the parallel market at ₦589 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognize 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 N587 and sell for N589 on Tuesday morning, May 3, 2022, after they bought N582 and sold for N585 on Monday, 2 May 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦589 in Parallel Market also known as Black Market on Monday, May 2, 2022, in Lagos Nigeria, after it opened at 589 last week Monday, April 25, 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.
