Black market dollar to naira exchange rate today 3rd 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 ₦589and the price can change (high or low) within hours.
How much is dollar to naira today in black market?: Black market dollar to naira exchange rate,
Glamtush reports that 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 3, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)
Dollar to naira exchange rate for Tuesday, May 3 goes for [N587 to buy and N589 to sell].
| Dollar to Naira (USD to NGN) |
Black Market Exchange Rate Today |
| Buying Rate |
587 |
| Selling Rate |
589 |
Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)- Aboki dollar rate
The local currency opened at N589.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 1 May 2022, in Lagos Nigeria, after it closed at N585.00 per $1 on Saturday, 30 April 2022.
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.
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