Dollar to Naira exchange rate
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.
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 ₦571 and the price can change (high or low ) within hours.
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 ₦414.13 per dollar on Thursday, 28 October 2021, after it closed at ₦415.07 per $1 on Wednesday, 27 October 2021. This represents a change of -0.07%.
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 28, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
Dollar to NairaCBN Governor, Godwin Emefiele.
The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 28 October 2021, in Lagos Nigeria after it closed N571.00 per $1 on Wednesday, 27 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 ₦571 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 N567 and sell for N571 on Thursday morning, October 28, 2021, after they bought N566 and sold N575 on Wednesday, 27 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.
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