Checkout Dollar To Naira Black Market Rate Today 14th October 2021 In Nigeria

LAGOS PARALLEL MARKET RATES October 14, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 14 dollar to naira black market exchange rate: $1 dollar to naira = N575

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, Thursday, 14 October 2021, in Lagos Nigeria after it closed N575.00 per $1 on Wednesday, 13 October 2021. This represents a change of $0 from the previous day. This means the dollar to naira maintained its position from the previous day.

Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.

Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, 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 Nigeria reports that the black market, the players buy a dollar for N570 and sell for N575 on Thursday morning, October 14, 2021, after they bought N570 and sold N575 the previous day. This means the dollar to naira maintained its position from the previous day.