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 ₦416.67 per dollar on Tuesday, 22 February 2022, after it closed at ₦415.90 per $1 on Monday, 21 February 2022. This represents a change of 0.02%.
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 22, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N575.00 per $1 at the parallel market
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.
IDOMA VOICE reports that at the black market, the players buy a dollar for N570 and sell for N575 on Tuesday morning, February 22, 2022, after they bought N570 and sold for N575 on Monday, 21 February 2022.
Meanwhile, IDOMA VOICE reports that the USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, February 21, 2022 in Lagos Nigeria, after it opened at 575 last week Monday, February 14, 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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