Black Market Dollar To Naira Exchange Rate Today 19 May 2022

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Black Market Dollar To Naira Exchange Rate Today 10 May 2022

Black Market Dollar To Naira Exchange Rate Today 19 May 2022

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 ₦598 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 May 19, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

Lagos parallel market (black market dollar exchange rate today)

 

The local currency opened at N598.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 19 May 2022, in Lagos Nigeria, after it closed at N597.00 per $1 on Wednesday, 18 May 2022.

 

Even though the dollar to naira opened in the parallel market at ₦598 per $1 today, TSB news 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.

 

tSB news reports that on the black market, the players buy a dollar for N595 and sell for N598 on Thursday morning, May 19, 2022, after they bought N595 and sold for N598 on Wednesday, 18 May 2022.

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