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 ₦573 and the price can change (high or low ) within hours.
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.
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 ₦…. per dollar on Sunday, 24 October 2021, after it closed at ₦415.07 per $1 on Friday, 22 October 2021. This represents a change of 0.00%.
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 24, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N573.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 24 October 2021, in Lagos Nigeria after it closed N572.00 per $1 on Saturday, 23 October 2021.
Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.
Even though the dollar to naira opened in the parallel market at ₦573 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 the black market, the players buy a dollar for N568 and sell for N573 on Sunday morning, October 24, 2021 after they bought N568 and sold N573 the previous day.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦572 in Parallel Market also known as Black Market on Monday, October 18, 2021 in Lagos Nigeria. after it opened N575 last week Monday, October 11, 2021.
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