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 ₦597 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 May 15, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N597.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 15 May 2022, in Lagos Nigeria, after it closed at N595.00 per $1 on Saturday, 114 May 2022.
Even though the dollar to naira opened in the parallel market at ₦597 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 on the black market, the players buy a dollar for N591 and sell for N597 on Sunday morning, May 15, 2022, after they bought N585 and sold for N590 on Saturday, 14 May 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦590 in Parallel Market also known as Black Market on Monday, May 9, 2022, in Lagos Nigeria, after it opened at #587 last week Monday, May 2, 2022.
The Nigerian presidency has dismissed former Vice President Atiku Abubakar’s recent criticisms of President Bola…
In a heated response, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has…
President Bola Tinubu, on Thursday, approved the appointment of three Nigerians as directors-general of various agencies…
The Edo State chapter of the Peoples Democratic Party (PDP) has expressed deep disappointment and anger over…
The body of the late Chief of Army Staff, Lieutenant General Taoreed Lagbaja, has arrived…
The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal…