Black Market Dollar To Naira Exchange Rate Today 30 April 2022
This online news platform understands that the Naira, which had maintained stability against the dollars at the official market in two previous days suddenly came crashing.
At the end of the day on Friday, a US Dollar exchanged at N415.10, according to data published on FMDQ Security Exchange where forex is officially traded. This represents and increase of 0.09 percent.
Similarly, Newsone reports that the Naira also crashed at the parallel market otherwise known as the black market on Friday in Lagos, with a US Dollar exchanging for N540 as at Saturday, November 13.
Meanwhile,
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.
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