Economy And Business

Black Market Dollar To Naira Exchange Rate Today 17th February 2022

Advertisement
Advertisement

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 thatyou 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, in Lagos Nigeria after it closed N575.00 per $1 on Wednesday, 16th 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.

 

Disclaimer: NEWSONLINE NIGERIA 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.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Headline

BREAKING: Plane Carrying 67 People Bursts Into Flames On Christmas Day (VIDEO)

A plane carrying at least 67 people busted into flames on Christmas day.   NewsOnline…

2 minutes ago
  • Top Stories

Primate Ayodele Preaches Love, Compassion To Christians On Christmas

Primate Ayodele has preached love and compassion to Christians on Christmas.   NewsOnline Nigeria reports…

9 minutes ago
  • Economy And Business

President Tinubu Sends Message Of Hope To Nigerians On 2024 Christmas Celebration

President Tinubu sent a message of hope to Nigerians at the 2024 Christmas Celebration.  …

16 minutes ago
  • Top Stories

JTAH Foundation Hosts Annual Christmas Event, Shares Xmas Gifts (PHOTOS)

JTAH Foundation has hosted an annual Christmas event and shared Xmas gifts in Lagos.  …

22 minutes ago
  • Top Stories

LOPE Media Network Sends Christmas Message To Nigerians

LOPE Media Network has sent a Christmas Message to Nigerians.   NewsOnline Nigeria reports that…

29 minutes ago
  • Economy And Business

Widows, Wives, and Over 2,000 Residents of Ikeja Police Barracks Benefit from Healthcare and Aid Initiative

Over 2,000 individuals from the Ikeja Police Barracks community benefited from an impactful outreach program spearheaded by Young Professionals for Tinubu (YP4T), an…

1 day ago