Black market dollar to naira exchange rate today 12 April 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 ₦587 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 April 12, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
April 12 dollar to naira black market exchange rate: $1 dollar to naira = ₦587
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N587.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 12 April 2022, in Lagos Nigeria, after it closed N585.00 per $1 on Monday, 11 April 2022.
Even though the dollar to naira opened in the parallel market at ₦587 per $1 today, Brand Spur Nigeria 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.
Brand Spur Nigeria reports that on the black market, the players buy a dollar for N582 and sell for N587 on Tuesday morning, April 12, 2022, after they bought N580 and sold for N585 on Monday, 11 March 2022.
Meanwhile, Brand Spur Nigeria reports that the USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, April 11, 2022, in Lagos Nigeria, after it opened at #590 last week Monday, April 4, 2022.
Disclaimer: Brand Spur 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.