Dollar to Naira Black Market Exchange Rate Today Tuesday, 26th October 2021 can be accessed below.
Infoexpert24 has obtained the official dollar to the naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
October 26 dollar to naira official exchange rate: $1 dollar to naira =₦414.04
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 ₦414.04 per dollar on Tuesday, 26 October 2021, after it close at ₦415.07 per $1 on Monday, 25 October 2021. This represents a change of 0.00%.
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 ₦575 and the price can change (high or low ) within hours.
How much is the exchange rate of the Dollar to Naira in the Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES October 26, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
October 26 dollar to naira black market exchange rate: $1 dollar to naira = ₦575
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 26 October 2021, in Lagos Nigeria, after it closed N570.00 per $1 on Monday, 25 October 2021.
Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11. This is coming after CBN vs Aboki FX clash over the dollar to naira black market exchange rate.
Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, Infoexpert24 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.
Infoexpert24 reports that in the black market, the players buy a dollar for N568 and sell for N575 on Tuesday morning, October 26, 2021, after they bought N568 and sold N570 on Monday, 25 October 2021.
Meanwhile, Infoexpert24 reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, October 25, 2021, in Lagos Nigeria, after it opened N572 last week Monday, October 18, 2021.