Black Market Dollar To Naira Exchange Rate Today Tuesday, 8 March 2022

How Much Is Dollar To Naira Exchange Rate Today CBN Rate?

 

March 8, dollar to naira CBN exchange rate: $1 dollar to naira =₦ 417.25 Nigerian Naira

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 showed that the naira opened at ₦416.46 per dollar Today Tuesday, March 8, 2022, after it closed at ₦415.96 per $1 on Monday, 7 March 2022. This represents a change of 0.16%.

Notably, the CBN dollar to naira rate buy dollar at ₦ 415.96 and sell at the rate of ₦416.46.

Black Market Dollar To Naira Exchange Rate Today Tuesday, 8 March 2022

 

Black Market Dollar To Naira today, March 8 = ₦580 per $1

Even though the dollar to naira opened in the parallel market at ₦580 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.

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

 

The local currency opened at N580.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 8 March 2022, in Lagos Nigeria, after it closed N579.00 per $1 on Monday, 7 March 2022.

 

Abuja Black Market Dollar To Naira – Abuja Black Market Forex

 

In a similar vein, in the Abuja Black Market where Forex is traded, players confirmed that they buy USD at the rate of N575 and sell back at the rate of N580.

Date Currency Selling (NGN) Buying(NGN)
March 8, 2022 US DOLLAR 580 575
March 8, 2022 POUNDS STERLING 780 776
March 8, 2022 EURO 648 642

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