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 ₦571 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 ₦415.15 per dollar on Thursday, 10 February 2022, after it closed at ₦416.00 per $1 on Wednesday morning, Februaryb 9, 2022. This represents a change of -0.16%.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 10th February 2022, in Lagos Nigeria, after it closed N510.00 per $1 on Wednesday, 9th February 2022bl
Even though the dollar to naira opened in the parallel market at ₦571 per $1 today, IDOMA VOICE 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.
IDOMA VOICE reports that at the black market, the players buy a dollar for N567 and sell for N571 on Thursday morning, February 10th, 2022 after they bought N566 and sold for N571 on Wednesday morning, 9th Febryary, 2022.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦571 in Parallel Market also known as Black Market on Monday, February 7, 2022 in Lagos Nigeria, after it opened at 570 last week Monday, January 31, 2022.
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