UPDATE – Black market Dollar to Naira exchange rate today 11th May 2024

Black market dollar to naira Exchange Rate Today 11th May 2024 can be accessed below....READ FULL ARTICLE

This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N1450$1 and sell for N1470/$1.

However, they added that the rate could sometimes vary depending on the transaction, cash, or transfer form. that is to say, you will likely get a higher rate if you have physical cash to exchange.

Related Post  No More N1,251: Naira Gains as CBN Quotes New Rate to Sell Dollar to BDCs

How much is the dollar exchange rate to Naira in the 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 TODAY: dollar to naira exchange rate today black market.

Related Post  EXCLUSIVE: The Nigerian Naira goes from the worst-performing currency in the world to the best

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate N1450

Selling Rate N1470

The local currency opened at N1470 per $1 at the parallel market otherwise known as the black market today, in Lagos Nigeria.

Even though the dollar to naira opened in the parallel market at N1470 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.

Related Post  BREAKING: Naira Crashes Again in All Markets as Access, UBA, Others Quote New Buying Rates For The Dollar

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.

IDOMA VOICE reports that in the black market, the players buy a dollar for N1450 and sell for N1470 on Saturday 11th May....READ FULL ARTICLE

Be the first to comment

Leave a Reply

Your email address will not be published.


*