Black Market Dollar To Naira Exchange Rate Today

Information reaching the OSUNREPORTERS NEWS has it that, the black Market Dollar To Naira Exchange Rate on Wednesday, 24th February, 2022 is buying or selling 1 dollar at ₦576 and the price can change (high or low) within hours.

,,,February 24th dollar to naira official market exchange rate: $1 dollar to naira =₦415.76

,,,,The exchange rate between the Naira and the U-S dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦415.76 per dollar on Thursday, 24 February 2022, after it closed at ₦416.00 per $1 on Wednesday morning, February 23. This represents a change of -0.16%.

…However, the Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

…..February 24th dollar to naira black market exchange rate: $1 dollar to naira = ₦576
Lagos parallel market (black market dollar exchange rate today). The local currency opened at N576.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 24th February 2022 , in Lagos Nigeria after it closed N575.00 per $1 on Tuesday morning, February 23.

,,,,Even though the dollar to naira opened in the parallel market at ₦576 per $1 today, GoldenNewsNg 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.

….According to reports at the black market, the players buy a dollar for N571 and sell for N576 on Wednesday morning, February 23, 2022 after they bought N570 and sold for N575 on Thursday morning, February 24.