Dollar To Naira Black Market Exchange Rate Today 27 October 2021 In Nigeria

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 ₦414.44 per dollar on Wednesday, 27 October 2021, after it closed at ₦415.10 per $1 on Tuesday, 26 October 2021. This represents a change of 0.10%.

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 27, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 27 dollar to naira black market exchange rate: $1 dollar to naira = ₦571
Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 27 October 2021, in Lagos Nigeria after it closed N570.00 per $1 on Wednesday, 26 October 2021.

Dollar To Naira Black Market Exchange Rate Today 27 October 2021 In Nigeria

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.

Dollar To Naira Black Market Exchange Rate Today 27 October 2021 In Nigeria

Even though the dollar to naira opened in the parallel market at ₦571 per $1 today, Newsone 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.

Naira Depreciates To U.S Dollar After 3 Days Of Stability- See Current Rate

Infoexpert24 reports that in the black market, the players buy a dollar for N566 and sell for N571 on Wednesday morning, October 27, 2021, after they bought N568 and sold N575 on Tuesday, 26 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.

Disclaimer: INFOEXPERT24 does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.