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Black Market Dollar To Naira Exchange Rate Today 29th July 2022

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Black market dollar to naira exchange rate today 29th July 2022, Aboki rate 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 ₦705 and the price can change (high or low) within hours.

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 29, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

July 29 dollar to naira black market exchange rate: $1 dollar to naira = ₦705

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 695
Selling Rate 705
Lagos parallel market (black market dollar exchange rate today: Aboki dollar rate)

The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market today Friday, 29 July 2022, in Lagos Nigeria, after it closed at N705.00 per $1 on Thursday, 28 July 2022.

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Black Market Dollar To Naira Exchange Rate Today 29th July 2022

Even though the dollar to naira opened in the parallel market at ₦705 per $1 todayNewsone 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.

Newsone Nigeria reports that on the black market, the players buy a dollar for N695 and sell for N705 on Friday morning, July 29, 2022, after they bought N695 and sold for N705 on Thursday, 28 July 2022.

Meanwhile, Newsone 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 ₦615 last week Monday,  18 July 2022.

Disclaimer: LAGOSTIMES 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.

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