DOLLAR TO NAIRA EXCHANGE RATES

Black Market Dollar To Naira Exchange Rate Today Thursday, 12 May 2022

Black Market Dollar To Naira Exchange Rate Today Thursday, May 12, 2022, has been obtained by BrandNewsDay and can be accessed below.

BrandNewsDay Nigeria has compiled the official US Dollar to Naira exchange rate today in Nigeria, including the Dollar To Naira Aboki Exchange Rate, Bureau De Change (BDC) rate, dollar to naira yesterday, the CBN dollar to Naira rate, and Dollar To Naira Bank Rate Today Thursday, 12 May 2022.

You can access the dollar to naira yesterday, Dollar To Naira Bank Rate Today and Dollar to Naira Black Market Today below:

May 12, dollar to naira Bank rate today: $1 dollar to naira =₦415.69 Nigerian Naira

How Much Is Dollar To Naira Bank Rate Today?

The exchange rate between the Naira to US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 414.69 per dollar Today Thursday, 12 May 2022, after the dollar to naira yesterday – Wednesday, May 11, 2022, closed at ₦415.69 per $1. This represents a change of 0.01%.

Notably, the CBN dollar to naira rate, the apex bank buys the dollar at ₦414.69 rate and sells it at the rate of ₦415.69.

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Black Market Dollar To Naira Exchange Rate Today Thursday, 12 May 2022

Black Market Dollar To Naira Aboki Exchange Rate today, May 12 = ₦590 per $1

Dollar to Naira yesterday = ₦590 per $1

Dollar To Naira Aboki Exchange Rate

How much is exchange rate of the Dollar to Naira Aboki Black Market today?

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

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Lagos parallel market ( black market dollar to Naira Aboki exchange rate today )

The local currency opened at N590.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 12 May 2022, in Lagos Nigeria, after it closed at N590.00 per $1 on Wednesday, 11th May 2022.

Black Market Dollar To Naira Aboki Exchange Rate Today

The local currency opened at N588.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 12 May 2022, in Lagos Nigeria, after it closed at N5890 per $1 on Wednesday, 11th May 2022.

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Even though the dollar to naira opened in the parallel market at ₦590 per $1 today, BrandNewsDay reports that 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.

BrandNewsDay Nigeria reports that on the black market, the players buy a dollar for N587 and sell for N590 on  Thursday morning, of 12th May 2022, after they bought N584 and sold for N587 on Wednesday morning, May 11, 2022.

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Meanwhile, in comparison,  Brand News Day Nigeria reports that the USD started this week at ₦588 in Parallel Market also known as Black Market on Monday, May 9, 2022, in Lagos Nigeria, after it opened at 585 last week Monday, May 2, 2022.

READ: Bad governance: Recreating Nigeria To Avert Collapse

The table below shows the latest black market rate of the U.S Dollar To Naira Aboki, the European Euro to Naira, and Great Britain Pounds To Naira.

 

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Date Currency Selling (NGN) Buying(NGN)
May 12, 2022 US DOLLAR 590 585
May 12, 2022 POUNDS STERLING 760 750
May 12, 2022 EURO 630 620

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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