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New Dollar Naira Exchange Rate – Black Market is alarming

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Dollar Naira Exchange Rate - Black Market is alarming
Dollar Naira Exchange Rate - Black Market

Dollar Naira Exchange Rate – Black Market has now left many fidgeting, ENigeria Newspaper reports.

ENigeria Newspaper has obtained today’s dollar naira exchange rate from black market.

How much is dollar to naira today in black market?: Black market dollar to naira exchange rate,

ENigeria Newspaper 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)

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Dollar to 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 Rate 593
Selling Rate 597

New Dollar Naira Exchange Rate - Black Market is alarming

nigerian-naira-dollar-to-naira-exchange-rate

Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)- Aboki dollar rate
The local currency 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, ENigeria Newspaper 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.

ENigeria Newspaper reports that on the black market, the players buy a dollar for N593 and sell for N597 on Friday, May 20, 2022, after they bought N593 and sold for N597 on Thursday, 19 May 2022.

Meanwhile, ENigeria Newspaper reports that the USD started this week at ₦595 in Parallel Market also known as Black Market on Monday, May 16, 2022, in Lagos Nigeria, after it opened at 588 last week Monday, May 9, 2022.

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ENigeria Newspaper reports that with the current exchange rate Nigerians are now living amid serious anxiety.




 

 

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