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US Dollar To Naira Exchange Rate For 16th July 2022

US Dollar To Naira Exchange Rate For 16th July 2022

US Dollar To Naira Exchange Rate For 16th July 2022

US Dollar To Naira Exchange Rate For 16th July 2022

Since the black market’s conversion rate is significantly higher than what Nigerian banks offer, many Nigerians choose to exchange foreign currencies there, especially dollars for naira.

ALSO, READ Black Market US Dollar To Naira Exchange Rate For 15th July 2022

You can find all the information and the current exchange rate for the dollar against the naira on this page, including the CBN and black market rates.

How Much is Dollar to Naira Black Market Rate Today, 16th July 2022? 1 USD =615

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 610
Selling Rate 615

See the selling rates of other marketers below:

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

ALSO, READ US Dollar To Naira Exchange Rate For 10th July 2022

Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira (₦615 today black market)- Aboki rate

The local currency opened at N615.00 per $1 at the parallel market otherwise known as the black market, today, Saturday 16th July 2022, in Lagos Nigeria, after it closed at N612.00 per $1 on Friday morning, July 15, 2022.

US Dollar To Naira Exchange Rate For 16th July 2022

Even though the dollar to naira opened in the parallel market at ₦615 per $1 today, Jameela News 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.

In the black market, the players buy a dollar at an estimated sum of N606 and sell for N615 on Friday morning, July 15, 2022, after they bought N607 and sold for N612 on Monday morning, July 11, 2022.

ALSO, READ 11 Profitable Businesses You Can Start With 50K Or Less In Nigeria 2022

Meanwhile, USD started this week at ₦610 in Parallel Market also known as Black Market on Monday, 11 July 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 11 July 2022.

IMPORTANT NOTE: 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 ₦615 and the price can change (high or low) within hours.


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