Dollar To Naira Exchange Rate Today 2 August 2022(Black Market)
it is important to note that the exchange rate changes hourly, and it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦695 and the price can change (high or low) within hours.
How much is the exchange rate of Dollar to Naira in 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 August 2, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
August 2 dollar to naira black market exchange rate: $1 dollar to naira = ₦695
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N695.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 2 August 2022, in Lagos Nigeria, after it closed at N695.00 per $1 on Monday, 1 August 2022.
Even though the dollar to naira opened in the parallel market at ₦695 per $1 today, 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.
News Rain Nigeria reports that on the black market, the players buy a dollar for N690 and sell for N695 on Tuesday morning, August 2, 2022, after they bought N690 and sold for N695 on Monday, 1 August 2022.
Meanwhile, 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.
