The African country parallel market (black market dollar rate today) to the Nigerian Nigerian monetary unit is as follows:
Please bear in mind that the financial organisation of African countries (CBN) doesn't acknowledge the secondary market (black market) and has suggested anybody fascinated by forex to 1st contact their native banks.
The black market (parallel) rate is usually totally different from the CBN rate. The Nigerian economy is greatly compact by the rate between the American dollar and also the Nigerian Nigerian monetary unit.
How much is the rate of dollar to Nigerian monetary unit in the Black Market today?
In Lagos, an African country on nowadays, Thursday, August eleventh, 2022, the native currency, usually called the black market, started at ₦660.00 per $1 when closing the previous day at ₦655.00 per $1 on weekday August tenth, 2022.
The financial organisation of African countries (CBN) doesn't acknowledge the parallel market, conjointly called the black market.
As a result, the financial organisation suggested anyone in would like foreign currency to contact their bank, reiterating that the I&E window is that solely identified exchange.
Dollar costs on the black market square measure typically on top of those set by the financial organisation of African country (CBN). the speed at that you'll be able to obtain or sell greenbacks for Nigerian monetary units on the CBN’s website, cbn.gov.ng is thought because of the rate.
Stechitegist reports, that on a weekday morning, August eleventh, 2022, the participant purchased a dollar for ₦655 on the black market and sell it for ₦660
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