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Black Market Dollar To Naira Exchange Rate Today 9th July 2022

The local currency opened at N615.00 per $1 at the parallel market otherwise known as the black market today Saturday, 9th July 2022, in Lagos Nigeria, after it closed at N615.00 per $1 on Friday, 8th July 2022.

NewsOne Nigeria by NewsOne Nigeria
July 9, 2022
in News
Black Market Dollar To Naira Exchange Rate Today 9th July 2022

Black market dollar to naira exchange rate today 9th July 2022 can be accessed below.

Table of Contents

      • Black market dollar to naira exchange rate today 9th July 2022 can be accessed below.
  • How much is the exchange rate of Dollar to Naira in Black Market today?
      • July 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦615
    • Lagos parallel market (black market dollar exchange rate today)
      • 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.

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?

Black market dollar to naira exchange rate
Black market dollar to naira exchange rate

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 9th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

July 8 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, 9th July 2022, in Lagos Nigeria, after it closed at N615.00 per $1 on Friday, 8th 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 9th, 2022, after they bought N610 and sold for N615 on Friday, 8th July 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦610 in Parallel Market also known as Black Market on Monday, 4 July 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday,  27 June 2022.

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.

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