Business & Brands

Black Market Dollar To Naira Today 7th September 2022

Black market dollar to naira today 7th September 2022, can be accessed below.

IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means thatyou can buy or sell 1 dollar at ₦701 and the price can change (high or low) within hours.

Glamtush has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

 

September 7 dollar to naira official market exchange rate: $1 dollar to naira =₦424.3063

 

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

 

Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.

1 USD = 424.3063 NGN
1 Dollars = 424.3063 Nigerian Naira
The USDNGN rate as of 7 Sep 2022 at 7:06 AM

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 424.3063 per dollar on Wednesday, September 7, 2022, after it closed at ₦423.9346 per $1 on Tuesday, September 6, 2022.

 

September 7 black market dollar to naira exchange rate: $1 dollar to naira =₦701

How much is exchange rate of Dollar to Naira in Black Market today?

 

US Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black market dollar to naira
Buying Rate 698
Selling Rate 701

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 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market.

Lagos parallel market (black market dollar to naira exchange rate today)

The local currency opened at N701.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, September 7, 2022, in Lagos Nigeria after it closed at N702.00 per $1 on Tuesday, September 6, 2022. This represents a change in N1 from the previous day.

Even though the dollar to naira opened in the parallel market at ₦701 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 in the black market, the players buy a dollar for N698 and sell for N701 on Wednesday, September 7, 2022, after they bought N699 and sold for N702 on Monday, September 5, 2022. This means the exchange rate changed its position from the previous day.

Meanwhile, the USD started this week at ₦702 in Parallel Market also known as Black Market on Monday, September 5, 2022, in Lagos Nigeria, after it opened at  ₦697 last week Monday, August 29, 2022.

 

DisclaimerGLAMTUSH does 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.

GLAMTUSH

Recent Posts

SDNON Unveils Ambitious Plans For 2025, Celebrates Outgoing Executives

The newly elected SDNON excos have unveiled their ambitious plans for 2025 and celebrated the outgoing executives.…

5 hours ago

Primate Ayodele Releases 2025 Prophecies For All Sectors

The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has released his 2025…

15 hours ago

Timeless Tunes: How Throwback Songs Bond Africans In 2024

Music has always been central to African culture, reflecting societal changes while connecting generations. In…

2 days ago

Sinach To Feature In Global Christian Event, Gather25

Sinach is set to feature in the global Christian event, Gather25.   Glamtush reports that Gather25,…

2 days ago

Yahaya Bello Released After Meeting Bail Conditions

Yahaya Bello has been released after meeting his bail conditions.   Glamtush reports that former…

2 days ago

Makinde Cancels Birthday Celebration To Honour Ibadan Stampede Victims

Makinde has cancelled his birthday celebration to honour the Ibadan stampede victims.   Glamtush reports that Governor…

2 days ago