Black market dollar to naira exchange rate today 17th February 2022 can be accessed below.
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 ₦575 and the price can change (high or low) within hours.
February 17th dollar to naira official market exchange rate: $1 dollar to naira =₦416.50
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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 ₦416.50 per dollar on Thursday, 17th February 2022, after it closed at ₦416.00 per $1 on Wednesday, 16th February 2022. This represents a change of -0.16%.
How much is exchange rate of Dollar to Naira in 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 February 17, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
February 17th dollar to naira black market exchange rate: $1 dollar to naira = ₦575
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, 17th February 2022
Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise 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.
Newsonline Nigeria reports that at the black market, the players buy a dollar for N570 and sell for N575 on Thursday morning, February 17, 2022 after they bought N570 and sold for N575 on Wednesday, 16 February 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, February 14, 2022 in Lagos Nigeria, after it opened at 571 last week Monday, February 7, 2022. A change of N0.