Dollar To Naira Exchange Rate Today 19th May 2022 Black Market

Dollar to Naira exchange rate today 19th May 2022 black market can be accessed below

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 ₦597 and the price can change (high or low) within hours.

iexclusivenews 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 19th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)

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Dollar to naira exchange rate for Thursday, May 19 goes for [N593 to buy and N597 to sell].

Lagos parallel market (black market exchange rate today: $1 dollar to naira)- Aboki dollar rate

The local currency opened at N597.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 19 May 2022, in Lagos Nigeria, after it closed at N595.00 per $1 on Wednesday, 18 May 2022.

Dollar To Naira Exchange Rate Today 19th May 2022 Black Market

Even though the dollar to naira opened in the parallel market at ₦597 per $1 today, 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.

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iexclusivenews Nigeria reports that on the black market, the players buy a dollar for N593 and sell for N597 on Thursday, May 19, 2022, after they bought N593 and sold for N597 on Wednesday, 18 May 2022.

However, iexclusivenews 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.

Disclaimer: iexclusivenews 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.