Black Market Dollar To Naira Today 16th September 2022

Black market dollar to naira exchange rate today 16th September 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 ₦712 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 September 16th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

September 14th dollar to naira black market exchange rate: $1 dollar to naira = ₦712

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N712.00 per $1 at the parallel market otherwise known as the black market today Friday, 16th September 2022, in Lagos Nigeria, after it closed at N710.00 per $1 on Thursday, 15th September 2022.

Even though the dollar to naira opened in the parallel market at ₦712 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 in the black market, the players buy a dollar for N708 and sell for N712 on Friday, September 16, 2022, after they bought N707 and sold for N710 on Thursday, 14th September 2022. This means the exchange rate changed its position from the previous day.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦710 in Parallel Market also known as Black Market on Monday, September 12, 2022, in Lagos Nigeria, after it opened at  ₦702 last week Monday, September 5, 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.