Dollar To Naira Exchange Rate Today (Black Market Rate)
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 ₦570 and the price can change (high or low) within hours.
Eko Hot Blog 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 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 ₦417.25 per dollar on Monday, 10 January 2022, after it closed at ₦416.25 per $1 on Friday, 7 January 2022. This represents a change of -1.49%.
How much is exchange rate of Dollar to Naira in Black Market today?
LAGOS PARALLEL MARKET RATES January 9, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 10 January 2022, in Lagos Nigeria after it closed N567.00 per $1 on Sunday, 9 January 2022.
Even though the dollar to naira opened in the parallel market at ₦570 per $1 today, Eko Hot Blog 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.
Eko Hot Blog reports that at the black market, the players buy a dollar for N564 and sell for N570 on Monday morning, January 10, 2022 after they bought N562 and sold for N567 on Sunday morning, January 9, 2022.
Meanwhile, Eko Hot Blog reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 10, 2022 in Lagos Nigeria, after it opened at ₦560 last week Monday, January 3, 2021.
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