Black market dollar to naira exchange rate today 31 July 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 ₦695 and the price can change (high or low) within hours.
Naira Falls Massively At Black Market, See New Exchange Rate
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 July 31, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
July 31 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 Sunday, 31 July 2022, in Lagos Nigeria, after it closed at N695.00 per $1 on Saturday, 30 July 2022.
Even though the dollar to naira opened in the parallel market at ₦695 per $1 today, JomogNews reports 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.
JomogNews Nigeria reports that on the black market, the players buy a dollar for N690 and sell for N695 on Sunday morning, July 31, 2022, after they bought N690 and sold for N695 on Saturday, 30 July 2022.
Meanwhile, JomogNews Nigeria reports that the USD started this week at ₦658 in Parallel Market also known as Black Market on Monday, 25 July 2022, in Lagos Nigeria, after it opened at ₦625 last week Monday, 18 July 2022.
Disclaimer: JOMOGNEWS NIGERIA 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 captured in this article.
