Black Market Dollar To Naira Exchange Rate Today 8 March 2022

Black market dollar to naira exchange rate today 8 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.

Even though the dollar to naira opened in the parallel market at ₦577 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.

Glamtush reports that at the black market, the players buy a dollar for N572 and sell for N577 on Monday morning, March 7, 2022 after they bought N572 and sold for N577 on Monday, 7 March 2022.

Meanwhile, Glamtush reports that the USD started this week at ₦576 in Parallel Market also known as Black Market on Monday, March 7, 2022, in Lagos Nigeria, after it opened at 575 last week Monday, February 28, 2022.

Disclaimer: GLAMTUSHdoes 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.