Dollar To Naira Exchange Rate Today 5th March 2022 Black Market

Dollar to naira exchange rate today 5th March 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 1USD at ₦577 and the price can change (high or low) within hours.

March 5th USD to Naira official market exchange rate: $1 dollar to naira =₦415.58

How Much Is USD To Naira Exchange Rate Today Official Rate?

iexclusivenews reports that the exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded.

Which showed that the naira opened at 415.58 per dollar on Saturday, 5th March, 2022, after closing at 416.67 for $1 on Friday, March 4th 2022. This represents a 0.00 percent change.

How much is exchange rate of USD to Naira in Black Market today?

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

LAGOS PARALLEL MARKET RATES March 5, 2022 (BLACK MARKET):

March 5th USD to Naira black market exchange rate: $1 dollar to naira = ₦577

Lagos parallel market (black market dollar exchange rate today)

The local currency (Naira) opened at N577.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 5 March 2022, in Lagos Nigeria after it closed N575.00 per $1 on Friday, 4 March 2022.

Even though the dollar to naira opened in the parallel market at ₦577 per $1 today, 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.

iexclusive News Nigeria reports that at the black market, the players buy a dollar for N572 and sell for N577 on Saturday morning, March 5, 2022 after they bought N572 and sold for N575 on Friday, 4 March 2022.