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 ₦575 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 ₦416.50 per dollar on Thursday, 17th February 2022, after it closed at ₦416.00 per $1 on Wednesday, 16th February 2022. This represents a change of -0.16%.
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 February 17, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 17th February 2022, in Lagos Nigeria after it closed N575.00 per $1 on Wednesday, 16th February 2022.
Even though the dollar to naira opened in the parallel market at ₦575 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.
Meanwhile, IDOMA VOICE reports that the USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, February 14, 2022 in Lagos Nigeria, after it opened at 571 last week Monday, February 7, 2022. A change of N0.
Disclaimer: IDOMA VOICE 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.
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