Dollar to Naira exchange rate today 21 October 2021, black market rate can be accessed below.
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 ₦572 and the price can change (high or low ) within hours.
Newsonline 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 ₦413.94 per dollar on Tuesday, 19 October 2021, after it closed at ₦414.07 per $1 on Wednesday, 20 October 2021. This represents a change of -0.06%.
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 October 21, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
October 21 dollar to naira black market exchange rate: $1 dollar to naira = ₦572
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 21 October 2021, in Lagos Nigeria after it closed N570.00 per $1 on Wednesday, 20 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 ₦572 per $1 today, Newsonline 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.
Newsonline Nigeria reports that the black market, the players buy a dollar for N568 and sell for N572 on Thursday morning, October 21, 2021 after they boughtN567 and sold N572 the previous day. This means dollar to naira changed its position from the previous day.