Black Market Dollar To Naira Exchange Rate Today 5th January 2022

Black market dollar to naira exchange rate today 5th January 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 ₦565 and the price can change (high or low) within hours.

READ ALSO: BREAKING: Naira Falls At Black Market First Time In 2022, See New Exchange Rate

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.

January 5 dollar to naira official market exchange rate: $1 dollar to naira =₦423.56

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 ₦423.56 per dollar on Wednesday, 5 January 2022, after it closed at ₦422.67 per $1 on Tuesday, 4 January 2022. This represents a change of 1.33%.

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 January 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

January 5 dollar to naira black market exchange rate: $1 dollar to naira = ₦565

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N565.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 5 January 2022, in Lagos Nigeria after it closed N560.00 per $1 on Tuesday, 4 January 2022.

Even though the dollar to naira opened in the parallel market at ₦565 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.

CBN Governor, Godwin Emefiele.

Newsone Nigeria reports that at the black market, the players buy a dollar for N560 and sell for N565 on Wednesday morning, January 5, 2022 after they bought N555 and sold for N560 on Tuesday morning, January 4, 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦560 in Parallel Market also known as Black Market on Monday, January 3, 2022 in Lagos Nigeria, after it opened at ₦555 last week Monday, December 27, 2021.

Disclaimer: NEWSONE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.