Black Market Dollar To Naira Exchange Rate Today 19th November 2021 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 ₦547 and the price can change (high or low) within hours.
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.
November 19 dollar to naira official market exchange rate: $1 dollar to naira =₦413.55
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 ₦413.55 per dollar on Friday, 19 November 2021, after it closed at ₦414.80 per $1 on Thursday, 18 November 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 rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
Black Market Dollar To Naira Exchange Rate Today 19th November 2021
November 19 dollar to naira black market exchange rate: $1 dollar to naira = ₦547
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N547.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 19 November 2021, in Lagos Nigeria after it closed N545.00 per $1 on Thursday, 18 November 2021.
Even though the dollar to naira opened in the parallel market at ₦547 per $1 today, GoldenNewsNg 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.
GoldenNewsNg reports that the black market, the players buy a dollar for N542 and sell for N547 on Friday morning, November 19, 2021 after they bought N540 and sold for N545 on Thursday morning, November 18.