Dollar To Naira Exchange Rate: Naira Depreciates Today September 24, 2021, As Oil Price Rises

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 412.13 NGN per dollar on, 24th September 2021, after it closed at N410.07 per $1 on Wednesday, 22nd September 2021. This represents a change of 0.04%.

Exchange Rate of Dollar To Naira in Black Market Today? September 24, 2021

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

Dollar to Naira exchange rate on Thursday, 23rd September 2021closed at N413.68/$1, at the official market representing a 0.12% fall compared to N413.18/$1 recorded on Wednesday 22nd September 2021.

The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market on Thursday, 23 September 2021, in Ogba Lagos Nigeria after it closed N567.00 per $1 on Wednesday, 22 September 2021. This represents a change of $3 from the previous day.

Infoexpert24 reports that the USD started this week at ₦565 in Parallel Market also known as Black Market on Monday, September 20th, 2021. A change of $10 dollars compared to last Monday when it opened at ₦550 per dollar.

Meanwhile, the crude oil market continued on its bullish trend as Brent crude price surpassed $77 per barrel on Thursday, while Bonny Light traded above $74 per barrel.

Nigeria’s foreign reserve also gained $128.59 million on Wednesday, 22nd September 2021 to close at $35.95 billion, according to data from the Central Bank of Nigeria. So far in the month of September, the CBN has recorded a total reserve gain of $1.94 billion.