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.
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 ₦665 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in Black Market today?
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 August 8, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦665
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 660 |
| Selling Rate | 665 |
The local currency opened at N665.00 per $1 at the parallel market otherwise known as the black market today Monday, 8 August 2022, in Lagos Nigeria, after it closed at N649.00 per $1 on Sunday, 7 August 2022.
Even though the dollar to naira opened in the parallel market at ₦665 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.
The black market, the players buy a dollar for N660 and sell for N665 on Monday morning, August 8, 2022, after they bought N646 and sold for N649 on Sunday, 7 August 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦665 in Parallel Market also known as Black Market on Monday, 8 August 2022, in Lagos Nigeria, after it opened at ₦710 last week Monday, 1 August 2022.
Disclaimer: GLAMTUSH 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.
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