Checkout Dollar To Naira Black Market Rate Today 21 October 2021 In Nigeria

October 21 dollar to naira black market exchange rate: $1 dollar to naira = ₦572

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 21 October 2021, in Lagos Nigeria after it closed N570.00 per $1 on Wednesday, 20 October 2021. This represents a change of $2 from the previous day. This means dollar to naira changed its position from the previous day.

Checkout Dollar To Naira Black Market Rate Today 21 October 2021 In Nigeria

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 ₦572 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 N572 on Thursday morning, October 21, 2021, after they boughtN567 and sold N572 the previous day. This means dollar to naira changed its position from the previous day.