Black Market Rate: Dollar To Naira Exchange Rate Today 20 October 2021
Dollar to Naira exchange rate today 20 October 2021, the black market rate can be accessed below.
Jameela News 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?
October 20 dollar to naira official exchange rate: $1 dollar to naira = Yet to be released
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 N….. per dollar on Tuesday, 19 October 2021, after it closed at N414.73 per $1 on Tuesday, 19 October 2021 at Monday’s rate. This represents a change of -0.08%.
How much is the exchange rate of the Dollar to Naira in the 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 October 19, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
October 19 dollar to naira black market exchange rate: $1 dollar to naira = N570
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 19 October 2021, in Lagos Nigeria, after it closed N572.00 per $1 on Monday, 18 October 2021. This represents a change of $2 from the previous day. This means dollar to naira changed its position from the previous day.
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 ₦570 per $1 today, Jameela News 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.
Jameela News reports that the black market, the players buy a dollar for N560 and sell for N570 on Tuesday morning, October 18, 2021 after they bought N568 and sold N572 the previous day. This means dollar to naira changed its position from the previous day.
Meanwhile, Jameela News 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.