Black market rate for dollar in nigeria today, 29 June 2022, can be accessed below.
Newsone reports that the black market rate for dollar in nigeria today has seen the Nigerian official currency, the naira exchanged at N614 to the United States dollar. This means $1 = N614 today.
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 ₦614 and the price can change (high or low) within hours.
The official market rate for dollar in nigeria today:
June 29 dollar to naira official market exchange rate: $1 dollar to naira =₦416.8706
The exchange rate between the Naira and the US dollar according to the official market forex data showed that the naira opened at ₦416.8706 per dollar on Wednesday, 29 June 2022, after it closed at ₦415.0069 per $1 on Tuesday, 28 June 2022.
| Tuesday 28 June 2022 | 1 USD = 415.0069 NGN | |
| Monday 27 June 2022 | 1 USD = 417.8423 NGN | |
| Sunday 26 June 2022 | 1 USD = 417.8477 NGN | |
| Saturday 25 June 2022 | 1 USD = 414.9733 NGN | |
| Friday 24 June 2022 | 1 USD = 414.9733 NGN | |
| Thursday 23 June 2022 | 1 USD = 415.1788 NGN | |
| Wednesday 22 June 2022 | 1 USD = 415.0814 NGN |
The black market rate for dollar in nigeria today
June 29 dollar to naira black market exchange rate: $1 dollar to naira =₦614
The local currency opened at N614.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 29 June 2022, in Lagos Nigeria, after it closed at N607.00 per $1 on Tuesday, 29 June 2022.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 608 |
| Selling Rate | 614 |
Newsone Nigeria reports that on the black market, the players buy a dollar for N608 and sell for N614 on Wednesday morning, June 29, 2022, after they bought N603 and sold for N607 on Tuesday morning, June 28, 2022.
What is the CBN saying about the black market rate for dollar in nigeria today?
Even though the dollar to naira opened in the parallel market at ₦614 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognize 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.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 20 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 13 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.
