US Dollar
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 ₦576 and the price can change (high or low) within hours.
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 ₦415.48 per dollar on Wednesday, 2nd March 2022, after it closed at ₦416.00 per $1 on Tuesday, 2nd March 2022. This represents a change of -0.06%.
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 March 2nd, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N577.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 2nd March 2022, in Lagos Nigeria after it closed N576.00 per $1 on Tuesday, 2nd March 2022.
Even though the dollar to naira opened in the parallel market at ₦577 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 N572 and sell for N577 on Wednesday morning, March 2nd, 2022 after they bought N571 and sold for N577 on Tuesday, 2nd March 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦576 in Parallel Market also known as Black Market on Monday, February 28, 2022 in Lagos Nigeria, after it opened at 575 last week Monday, February 21, 2022.
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