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

Black market dollar to naira exchange rate today 16th June 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 ₦607 and the price can change (high or low) within hours.

Newsone 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.

June 16 dollar to naira official market exchange rate: $1 dollar to naira =₦414.9946

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦414.9946 per dollar on Thursday, 16 June 2022, after it closed at ₦420.1344 per $1 on Wednesday, 15 June 2022.

How much is 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 June 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

June 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦607

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N607.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 16 June 2022, in Lagos Nigeria after it closed at N605.00 per $1 on Wednesday, 15 June 2022.

Even though the dollar to naira opened in the parallel market at ₦607 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 N601 and sell for N607 on Thursday morning, June 16, 2022 after they bought N600 and sold for N605 on Wednesday morning, June 15.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 13 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 6 June 2022.