Dollar to Naira exchange rate today 19 October 2021, black market rate can be accessed below.
Read GoldenNewsNg update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday October 19, for $1 dollar to naira = ₦(yet to be disclosed)/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦ (yet to be disclosed) /$1 on Tuesday October 19, after it closed at ₦414.73 to a $1 on Monday, 18 October 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Tuesday, October 19, opened N575.00 to a $1, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
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 = N572
Dollar To Naira Exchange Rate Today 17 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 N572.00 per $1 at the parallel market otherwise known as the black market, today, 19 October 2021, in Lagos Nigeria after it closed N571.00 per $1 on the 18 October 2021
This represents a change of $1 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, 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar closed at ₦414.73/$1 on 18th October 2021 as against how it opened at ₦414.46/$1, showing a decline at -0.08.
