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Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate )

Enudi Golden by Enudi Golden
January 11, 2024
in business, Headline, World News
Reading Time: 5 mins read
Black Market Dollar To Naira Exchange Rate Today 28 March 2022
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Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate )

Dollar to Naira Exchange rate today in Black Market is N575.00 per $1

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Dollar to Naira Exchange Rate Today 11 October 2021 – See the latest and updated  dollar to Naira CBN rate as well as Dollar to Naira black market rate here. Find the aboki dollar rate in Nigeria today, latest news, trends and updates.

GoldenNewsNg 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.

October 11 dollar to naira official exchange rate: $1 dollar to naira = 413.53

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 N413.53 dollar on Monday, 11 October 2021, after it closed at N414.30 per $1 on Friday, 8 October 2021. This represents a change of -0.09%.

October 11 dollar to naira official exchange rate: $1 dollar to naira = 413.53

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 N413.53 dollar on Monday, 11 October 2021, after it closed at N414.30 per $1 on Friday, 8 October 2021. This represents a change of -0.09%.

How much is exchange rate of Dollar to Naira in Black Market today?

The Nigeria parallel market (black market dollar exchange r ate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate)

LAGOS PARALLEL MARKET RATES October 11, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 11 dollar to naira black market exchange rate: $1 dollar to naira = N575
Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate)
Dollar to Naira exchange rate today
Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 11 October 2021, in Lagos Nigeria after it closed N575.00 per $1 on Friday, 8 October 2021. This represents a change of $0 from last week.

Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, 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.

GoldenNewsNg  reports that the black market, the players buy a dollar for N570 and sell for N575 on Monday morning, October 11, 2021 after they bought N570 and sold N575 last Friday.

Meanwhile, GoldenNewsNg  reports that the USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, October 11, 2021 in Lagos Nigeria.

The Nigeria parallel market (black market dollar exchange r ate today) to the Nigerian Naira is as follows: For the Lagos market (black

market).

LAGOS PARALLEL MARKET RATES October 11, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 11 dollar to naira black market exchange rate: $1 dollar to naira = N575
Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate)
Dollar to Naira exchange rate today
Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 11 October 2021, in Lagos Nigeria after it closed N575.00 per $1 on Friday, 8 October 2021. This represents a change of $0 from last week.

Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, 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.

GoldenNewsNg  reports that the black market, the players buy a dollar for N570 and sell for N575 on Monday morning, October 11, 2021 after they bought N570 and sold N575 last Friday.

Meanwhile, GoldenNewsNg reports that the USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, October 11, 2021 in Lagos Nigeria.

 

CBN Exchange Rate Of Dollar To Naira

Source: cbn.gov.ng

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
10/8/2021 US DOLLAR 409.81 410.31 410.81
10/8/2021 POUNDS STERLING 558.4071 559.0884 559.7697
10/8/2021 EURO 473.9862 474.5645 475.1428
10/8/2021 SWISS FRANC 441.3203 441.8587 442.3972
10/8/2021 YEN 3.6649 3.6694 3.6739
10/8/2021 CFA 0.7032 0.7132 0.7232
10/8/2021 WAUA 577.5095 578.2141 578.9187
10/8/2021 YUAN/RENMINBI 63.5503 63.6283 63.7063
10/8/2021 RIYAL 109.271 109.4043 109.5376
10/8/2021 SOUTH AFRICAN RAND 27.4974 27.5309 27.5645
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