Business & Economy

Black Market Dollar To Naira Exchange Rate Today 12 June 2022

Published

10 months ago

June 12, 2022

Black market dollar to naira exchange rate today 12 June 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 ₦609 and the price can change (high or low) within hours.

BREAKING: Naira Falls Massively First Day Of June 2022, See New Exchange Rate

Black market dollar to naira exchange rate

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 June 12, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

June 12 dollar to naira black market exchange rate: $1 dollar to naira = ₦609

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N609.00 per $1 at the parallel market otherwise known as the black market today Sunday, 12 June 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Saturday, 11 June 2022.

Even though the dollar to naira opened in the parallel market at ₦609 per $1 today, Newsonline 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.

Newsonline Nigeria reports that on the black market, the players buy a dollar for N605 and sell for N609 on Sunday morning, June 12, 2022, after they bought N605 and sold for N609 on Saturday, 11 June 2022.