Black market dollar to naira exchange rate today March 5, 2022

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The black market dollar to naira exchange rate today March 5, 2022 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes every hour. it depends on the volume of dollars available and the requests. What this means is… you can buy or sell 1 dollar at ₦576 and the price can change (up or down) within hours.

What is the dollar to naira exchange rate on the black market today?

The Nigerian parallel market (current black market dollar exchange rate) against the Nigerian naira is as follows: for the Lagos market (black Marlet).

LAGOS PARALLEL MARKET RATE 5 March 2022 (BLACK MARKET): exchange rate from dollar to naira today black market

March 5 black market exchange rate from dollar to naira: 1 dollar to naira = ₦576

Lagos Parallel Market (Dollar exchange rate on the black market today)

The local currency opened at N577.00 for $1 on the parallel market otherwise known as black market, today, Saturday, March 5, 2022in Lagos, Nigeria, after that closed N576.00 for $1 on Friday, March 4, 2022.

Even if the dollar to naira opened in the parallel market at ₦577 for $1 today, VOICE OF IDOMA reports that the The Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as black market. The apex bank therefore ordered anyone in need of foreign currency to approach their bank, insisting that the I&O window is the only known exchange.

VOICE OF IDOMA reports that on the black market, gamers buy a dollar for N572 and sell for N577 on Saturday morning March 5 2022, after buying N572 and sold for N577 Friday 4 March 2022.

Meanwhile, VOICE OF IDOMA reports that the USD started this week ₦576 in the parallel market also known as the black market on Monday, February 28, 2022 in Lagos, Nigeriaafter opening at 575 last week monday february 21st 2022.

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