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

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

The black market dollar to naira conversion rate for today, March 16th 2022, is available below.

IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N579, you purchase or sell a dollar, and the price can fluctuate (high or low) within hours.

Read More: Latest Dollar To Naira Exchange Rate Today March, 16th 2022

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

For the Lagos market, the parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: (black market).

LAGOS PARALLEL MARKET RATES March 11th 2022 (BLACK MARKET): dollar to naira exchange rate today black market

March 16th dollar to naira black market exchange rate: $1 dollar to naira = ₦579

Lagos parallel market (black market dollar exchange rate today)

The parallel market, often known as the black market, in Lagos, Nigeria, began at N579.00 per $1 today Wednesday, 16th March,2022, after closing at N577.00 per $1 on Tuesday, 15th March 2022.

Read More: Scott Hall WWE’s Hall of Famer Dies At 63

Dollar to naira exchange rate opened in the parallel market at 579 for $1 today, the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market. As a result, anyone in need of currency should contact their bank, with the I&E window being the sole known exchange, according to the apex bank.

Players buy a dollar for N574 on the black market and sell for N579 on Wednesday morning, March 16th, 2022, after buying N574 and selling for N576 on Tuesday, March 15th, 2022.

While, the USD began trading this week at 577 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monday, March 13, 2022, the same amount it began trading at 576 last week on Monday, March 7, 2022.

TOUCHAHEART NIGERIA does not set or determine foreign exchange rates. The official NAFEX rates can be seen on the FMDQOTC’s website. Various sources, including internet media outlets, are used to get parallel market (black market) pricing. The rates you buy or sell forex may be different from what is captured in this article.