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Dollar To Naira Black Market Rate Today Monday 2nd May 2022

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Dollar To Naira Black Market rate on 23 October 2022

The black Dollar To Naira Black Market market rate today Monday 2nd May 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 canbuy or sell 1 dollar at ₦588and the price can change (high or low) within hours.

How much is the exchange rate of Dollar To Naira Black Markettoday?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (blackmarket).

LAGOS PARALLEL MARKET RATES May 2, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

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May 2 dollar to naira black market exchange rate: $1 dollar to naira = ₦588

Lagos parallel market (Dollar To Naira Black Market exchange rate today)

The local currency opened atN588.00 per $1 at the parallel marketotherwise known as theblack market, today, Monday, 2 May 2022, inLagos Nigeria,after itclosed at N587.00 per $1 on Sunday, 1 May 2022.

Even though thedollar to naira opened in the parallel marketat₦588per $1 today, Infoexpert24reports that theCentral Bank of Nigeria (CBN) does not recognize the parallel market,otherwise known as theblack market.The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that theI&E windowis the only known exchange.

Infoexpert24 reports that on the black market, the players buy a dollar for N583 and sell for N588 on Monday morning, May 2,2022,after they boughtN583 and sold for N587on Sunday, 1 May2022.

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Meanwhile, Infoexpert24 reports that theUSDstarted this week at₦587 in Parallel Market also known as Black Market on Monday, May 2, 2022, inLagos Nigeria, after it opened at#587last week Monday, April 25, 2022.

Disclaimer: INFOEXPERT24does not set or determine forex rates. The official NAFEX rates are obtained from thewebsite of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Therates you buy or sell forex may be different from what is captured in this article.

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