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 ₦770 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 October 26, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Wednesday, October 26, 2022, in Lagos Nigeria, after it closed at N760.00 per $1 on Tuesday 25, October 2022.
Even though the dollar to naira opened in the parallel market at ₦770 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 N755 and sell for N770 on Wednesday morning, October 26, 2022, after they bought N750 and sold for N760 on Tuesday, 25 October 2022.
Meanwhile, the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, October 24, 2022, in Lagos Nigeria, after it opened at ₦745 last week Monday, October 17, 2022.
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