Black market dollar to naira exchange rate today 25th 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 ₦720 and the price can change (high or low) within hours.
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 TODAY: dollar to naira exchange rate today black market
September 25th dollar to naira black market exchange rate: $1 dollar to naira = ₦720
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 717 |
| Selling Rate | 720 |
The local currency opened at N720.00 per $1 at the parallel market otherwise known as the black market today Sunday, 25th September 2022, in Lagos Nigeria, after it closed at N720.00 per $1 on Saturday, 24th September 2022.
Even though the dollar to naira opened in the parallel market at ₦720 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 N717 and sell for N720 on Sunday, September 25, 2022, after they bought N717 and sold for N720 on Saturday, September 24, 2022. This means the exchange rate did not change its position from the previous day.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦712 in Parallel Market also known as Black Market on Monday, September 19, 2022, in Lagos Nigeria, after it opened at ₦710 last week Monday, September 12, 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.