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 ₦580 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 March 19, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N580.00 per $1 at the parallel market
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Even though the dollar to naira opened in the parallel market at ₦580 per $1 today, Newsonline 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.
Newsonline Nigeria reports that at the black market, the players buy a dollar for N577 and sell for N580 on Saturday morning, March 19, 2022, after they bought N577 and sold for N580 on Thursday, 18 March 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦579 in Parallel Market also known as Black Market on Monday, March 14, 2022, in Lagos Nigeria, after it opened at 577 last week Monday, March 7, 2022.
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