Black Market Dollar To Naira Exchange Rate Today 7th March 2022

Black Market Dollar To Naira Exchange Rate Today 7th 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 Monday 7th 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.

The Official Exchange Rate of Dollar To Naira Today

Flippstack gathered that the exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded, showed that the naira opened at ₦415.7 per dollar on Friday, 4th March 2022, and closed at ₦416.67 to $1, with a change of 0.04%.

What is the Exchange Rate of Dollar To Naira in Black Market Today?

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

Black Market Dollar To Naira Exchange Rate Today 7th March 2022

LAGOS PARALLEL MARKET RATES Monday, March 7th, 2022 (BLACK MARKET)

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 Monday 7th, 2022 = ₦568/$1

The exchange rate for a dollar to naira at Lagos Parallel Market, players buy a dollar for ₦568 and sell at ₦572 on Monday, March 7th, 2022, according to data obtained from Bureau De Change (BDC).

The local currency appreciates as the exchange rate for today opens at ₦568.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 7th March 2022, in Lagos Nigeria, compared to ₦570 per dollar it closed on Friday 4th, 2022.

Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, Flippstack 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.

Disclaimer: Flippstack 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.