Black Market Dollar To Naira Exchange Rate Today 5 September 2022

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The local currency opened at N705.00 per $1 at the parallel market, otherwise known as the black market today Monday, 5 September 2022, in Lagos, Nigeria, after it closed at N692.00 per $1 on Sunday, 4th September 2022.

Black market dollar to naira exchange rate today 5 September 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 ₦705 and the price can change (high or low) within hours.

How much is the exchange rate of Dollar 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 September 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

September 5 dollar to naira black market exchange rate: $1 dollar to naira = ₦705

Even though the dollar to naira opened in the parallel market at ₦705 per $1 today

We report 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.

We report that on the black market, the players buy a dollar for N700 and sell for N705 on Monday morning, September 5, 2022, after they bought N692 and sold for N695 on Sunday, 4th September 2022.

Meanwhile, the USD started this week at ₦692 in Parallel Market also known as Black Market, on Monday, 5 September 2022, in Lagos, Nigeria, after it opened at ₦692 last week Monday, 29 August 2022.

Disclaimer: We do 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.

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