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 ₦630 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 August 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N630.00 per $1 at the parallel market otherwise known as the black market today Sunday, 7 August 2022, in Lagos Nigeria, after it closed at N635.00 per $1 on Saturday, 6 August 2022.
Even though the dollar to naira opened in the parallel market at ₦690 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market
Newsonline Nigeria reports that on the black market, the players buy a dollar for N630 and sell for N635 on Sunday morning, August 7, 2022, after they bought N630 and sold for N635 on Saturday, 6 August 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦695 in Parallel Market also known as Black Market on Monday, 1 August 2022, in Lagos Nigeria, after it opened at ₦658 last week Monday, 25 July 2022.
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