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 ₦735 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).
The local currency opened at N735.00 per $1 at the parallel market otherwise known as the black market today Saturday, October 1, 2022, in Lagos Nigeria, after it closed at N735.00 per $1 on Friday, 30 September 2022.
Even though the dollar to naira opened in the parallel market at ₦735 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 on the black market, the players buy a dollar for N730 and sell for N735 on Saturday morning, October 1, 2022, after they bought N730 and sold for N735 on Thursday, 29 September 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦720 in Parallel Market also known as Black Market on Monday, 26 September 2022, in Lagos Nigeria, after it opened at ₦710 last week Monday, September 19th 2022.
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