Connect with us

Business & Loans

Black Market Dollar To Naira Exchange Rate Today 16th March 2022

Published

on

Black Market Dollar To Naira Exchange Rate Today 4th April 2022

Black Market Dollar To Naira Exchange Rate Today 16th March 2022

Welcome to Flippstack, we have compiled dollar to naira exchange rates in Nigeria today including the Black Market rates and Bureau De Change (BDC) rate for today Wednesday 16th March 2022

Note: 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 ₦572 and the price can change (high or low) within hours.

What is 1 dollar to naira Exchange Rate in Black Market Today?

Advertisement

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

LAGOS PARALLEL MARKET RATES Wednesday, March 16th, 2022 (BLACK MARKET)

Black Market Dollar To Naira Exchange Rate Today 15th March 2022

How much is the exchange rate of Dollar to Naira in the Black Market today?

The exchange rate of Dollar to Naira in the Parallel Market Today Wednesday 16th, 2022 = ₦580/$1

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦575 and sell at ₦580 on Wednesday, March 16th, 2022, according to data obtained from Bureau De Change (BDC).

Advertisement

The local currency Naira depreciates against Dollar as the exchange rate for today opens at 580.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 16th March 2022, in Lagos Nigeria, compared to 579 per dollar it closed at the end of the previous day Tuesday 15th March 2022.

Even though the dollar to naira opened in the parallel market at ₦565 per $1 todayFlippstack 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.

DisclaimerFlippstack 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.

Advertisement

Trending

mersin eskort - escort