Black market dollar to naira exchange rate today 21 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 ₦640 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 21, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
July 20 dollar to naira black market exchange rate: $1 dollar to naira = ₦640
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N640.00 per $1 at the parallel market otherwise known as the black market today Thursday, 21 July 2022, in Lagos Nigeria, after it closed at N630.00 per $1 on Wednesday, 20 July 2022.
Even though the dollar to naira opened in the parallel market at ₦640 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 N635 and sell for N640 on Thursday morning, July 21, 2022, after they bought N625 and sold for N630 on Wednesday, 20 July 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦615 in Parallel Market also known as Black Market on Monday, 18 July 2022, in Lagos Nigeria, after it opened at ₦615 last week Monday, 11 July 2022.