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Dollar To Naira Exchange Rate Today 2 November 2021 (Black Market Rate)

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline, World News
Reading Time: 3 mins read
CBN Official Dollar To Naira Rate Today 17th August 2023
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Dollar To Naira Exchange Rate Today 2 November 2021 (Black Market Rate)

Dollar to Naira exchange rate today 2 November 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 ₦568 and the price can change (high or low ) within hours.

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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.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

November 2 dollar to naira official exchange rate: $1 dollar to naira =₦414.26

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 ₦414.26 per dollar on Tuesday, 2 November 2021, after it closed at ₦414.98 per $1 on Monday, 1 November 2021.

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 November 1, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

Dollar To Naira Exchange Rate Today 2 November 2021 (Black Market Rate)

Dollar To Naira Exchange Rate Today 2 November 2021 (Black Market Rate)
CBN Governor, Godwin Emefiele.

November 2 dollar to naira black market exchange rate: $1 dollar to naira = ₦568
Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N568.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 2 November 2021, in Lagos Nigeria after it closed N565.00 per $1 on Monday, 1 November 2021.

Note: dollar to naira exchange rate has stabilized at N565-575 per $1 since Monday, October 11. This is coming after CBN vs Aboki FX clash over the dollar to naira black market exchange rate.

Even though the dollar to naira opened in the parallel market at ₦568 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 N560 and sell for N568 on Tuesday morning, November 12, 2021 after they bought N555 and sold N565 on Monday, 1 November 2021.

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