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 ₦820 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 November 1st, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N820.00 per $1 at the parallel market otherwise known as the black market today Monday, November 1, 2022, in Lagos Nigeria, after it closed at N820.00 per $1 on Monday 31, October 2022.
Even though the dollar to naira opened in the parallel market at ₦800 per $1 today, Glamtushreports 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 in the black market, the players buy a dollar for N798 and sell for N820 on Tuesday morning, November 1, 2022, after they bought N785 and sold for N800 on Monday, October 31, 2022.
Meanwhile, the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, October 31, 2022, in Lagos Nigeria, after it opened at ₦750 last week Monday, October 24, 2022.
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