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    CareersBusinessBlack Market Dollar To Naira Exchange Rate For Today 20 May 2022

    Black Market Dollar To Naira Exchange Rate For Today 20 May 2022

    The Black market dollar to naira exchange rate today 20 May 2022 can be seen 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 ₦597 and the price can change (high or low) within hours.

    How much is a dollar to naira today on the black market?: Black market dollar to the naira exchange rate,

    Newsone reports that 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 May 20, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)

    The dollar to the naira exchange rate for Friday, May 20 goes for [N593 to buy and N597 to sell].

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying Rate593
    Selling Rate597

    Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)- Aboki dollar rate

    The local banknotes opened at N597.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 20 May 2022, in Lagos Nigeria, after it closed at N595.00 per $1 on Thursday, 19 May 2022.

    Even though the dollar to naira opened in the parallel market at ₦597 per $1 today, Bennievibez reports that the Central Bank of Nigeria (CBN) does not recognize 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.

    See also  Nigerian Newspapers: Top 10 Newspaper Headlines Tuesday, 19 April 2022

    Bennievibez reports that at the black market, the players buy a dollar for N585 and sell for N590 on Friday morning, April 1, 2022, after they bought  N597 on Thursday, 19 May 2022.

    Meanwhile, Bennievibez reports that the USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, March 28, 2022, in Lagos Nigeria, after it opened at #585 last week Monday, March 21, 2022.

    DisclaimerBennievibez does 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 charged in this article.

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