Economy And Business

Black Market Exchange Rate Of Dollar To Naira Today, 7th October 2021

Advertisement
Advertisement

Black Market Exchange Rate Of Dollar To Naira Today, 7th October 2021 can be accessed below.

 

 

Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

 

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

[the_ad id=”14679″]

October 7 dollar to naira official exchange rate: $1 dollar to naira = N414.20

 

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 N414.20 per dollar on Thursday, 7 October 2021, after it closed at N414.73 per $1 on Wednesday, 6 October 2021. This represents a change of -0.03%.

[the_ad id=”14679″]

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 October 7, 2021 (BLACK MARKET): dollar to naira today black market exchange rate

[the_ad id=”14679″]

October 7 dollar to naira black market exchange rate: $1 dollar to naira = N574

Dollar to Naira exchange rate today

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N574.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 7 October 2021, in Lagos Nigeria after it closed N565.00 per $1 on Wednesday, 6 October 2021. This represents a change of #9 from the previous day.

 

Newsonline Nigeria reports that the black market, the players buy a dollar for N565 and sell for N574 on Thursday morning, October 7, 2021. after they boughtN560 and sold N565 the previous day. This means the dollar to naira exchange rate changed its position from the previous day with #9.

[the_ad id=”14679″]

 

Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦578 in Parallel Market also known as Black Market on Monday, October 4, 2021 in Lagos Nigeria.

 

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

  • Sports

Premier League 2025/26 Season Start Dates, Fixtures Announced (FULL LIST)

Premier League 2025/26 Season Start Dates and Fixtures have been announced.   NewsOnline Nigeria reports…

10 hours ago
  • Economy And Business

BREAKING: Nigeria Labour Congress Insists On Embarking On Nationwide Strike

Nigeria Labour Congress has insisted on embarking on a nationwide strike over the new minimum…

10 hours ago
  • Exchange Rates

BREAKING: LAUTECH Teaching Hospital On Fire, Patients Rushed Out

LAUTECH Teaching Hospital is currently on fire and patients rushed out.   NewsOnline Nigeria reports…

10 hours ago
  • Economy And Business

BREAKING: Dangote Calls Out NNPCL Over Naira-For-Crude Initiative Default

Dangote has called out NNPCL over the Naira-For-Crude Initiative default.   NewsOnline Nigeria reports that…

10 hours ago
  • Economy And Business

BREAKING: FG Denies Stopping FAAC Allocation To Rivers State Amid Backlash

FG has denied stopping FAAC Allocation to Rivers State amid backlash.   NewsOnline Nigeria reports…

10 hours ago
  • Top Stories

Igbos Asked To Boycott Arise TV Over Abati’s Igbophobic Statement

Igbos has been asked to boycott Arise TV over Abati's Igbophobic statement.   NewsOnline Nigeria…

10 hours ago