Below is the black market dollar to naira conversion rate for today, 11 May 2022.
IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the demand. What this means is that at $592, you can purchase or sell 1 dollar, and the price can fluctuate (high or low) within hours.
The current Nigerian Naira parallel market (black market dollar exchange rate) is as follows: For the market in Lagos (black market).
The parallel market in Lagos (black market dollar exchange rate today: $1 to naira black market)- Aboki dollar exchange rate
Despite the fact that the dollar to naira exchange rate opened in the parallel market at 588 per $1 today, Touchaheart says that the CBN does not acknowledge 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 only known exchange, according to the apex bank.
Meanwhile, Touchaheart Nigeria says that the USD opened this week at 588 in Lagos Nigeria’s Parallel Market, commonly known as Black Market, on Monday, May 9, 2022, after opening at 589 the week before.
TOUCHAHEART NIGERIA does not set or determine foreign exchange rates. The official NAFEX rates can be seen on the FMDQOTC’s website. Parallel market (black market) rates can be found in a variety of places, including online media channels. The rates at which you purchase or sell FX may differ from those described in this article.