Black Market Dollar To Naira Exchange Rate Today 16 July 2022- Newsone

Black market dollar to naira exchange rate today 16 July 2022 can be accessed below.

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 ₦615 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 July 16th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

July 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦615

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N615.00 per $1 at the parallel market otherwise known as the black market today Saturday, 16th July 2022, in Lagos Nigeria, after it closed at N615.00 per $1 on Friday, 15th July 2022.

Even though the dollar to naira opened in the parallel market at ₦615 per $1 today, Newsone 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.

Newsone Nigeria reports that on the black market, the players buy a dollar for N610 and sell for N615 on Saturday morning, July 16th, 2022, after they bought N610 and sold for N615 on Friday morning, July 15th, 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦615 in Parallel Market also known as Black Market on Monday, 11 July 2022, in Lagos Nigeria, after it opened at ₦610 last week Monday, 4 July 2022.