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 ₦704 and the price can change (high or low) within hours.
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 September 9, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N704.00 per $1 at the parallel market otherwise known as the black market today Friday, 9 September 2022, in Lagos Nigeria, after it closed at N695.00 per $1 on Thursday, 8 September 2022.
Even though the dollar to naira opened in the parallel market at ₦704 per $1 today, Glamtush reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market
On the black market, the players buy a dollar for N697 and sell for N704 on Friday morning, September 9, 2022, after they bought N697 and sold for N704 on Thursday, 8 September 2022.
Meanwhile, the USD started this week at ₦700 in Parallel Market also known as Black Market on Monday, 5 September 2022, in Lagos Nigeria, after it opened at ₦692 last week Monday, 29 August 2022.
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