Latest Dollar To Naira Exchange Rate Today Saturday 19th March 2022 can be accessed below..
Welcome to GoldenNewsNg, we have compiled dollar to naira exchange rates in Nigeria today including the Black Market rates and Bureau De Change (BDC) rate for this week.
Black Market Dollar To Naira Exchange Rate Today 18 March 2022
Black Market Dollar To Naira Exchange Rate Today 18 March 2022 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 ₦585 and the price can change (high or low) within hours.
How much is the 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 March 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
March 18 dollar to naira black market exchange rate: $1 dollar to naira = ₦585
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N585.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 18 March 2022, in Lagos Nigeria, after it closed N585.00 per $1 on Thursday, 17 March 2022.
Black Market Dollar To Naira Exchange Rate Today 17th March 2022
Good Day Viewers On GoldenNewsNg, this article will discuss the Black Market Dollar to Naira exchange rate today Wednesday, 16 March 2022.
How much is Dollar to Naira official rate today?
The official rate of 1$ to Naira for today, Wednesday, 16th March 2022 = ₦416.04/$1
The information gathered via Financial Markets Dealers Quotations (FMDQ) Security Exchange where forex is exchanged formally unveiled that the authorized conversion rate between the Naira and the US dollar opened at ₦416.04/$1 on Tuesday 15th, after it shut at ₦416.50 to a $1 on Monday, 14th March 2022.
How much is Black Market Dollar to Naira exchange rate today
How much is $1 to Naira at Black Market today?
As at the time of filling this report, Thursday, March 17, 2022, the exchange rate of the $1 to naira at Lagos Parallel Market better known as the Black Market is $1 for ₦580/575 when buying, while the selling rate is at ₦585/580, this is according to reports from the Bureau De Change (BDC).
BREAKING: Naira Crashes Massively At Official Investors And Exporters Window
Naira Crashes Massively At Official Investors And Exporters Window can be accessed below..
GoldenNewsNg reports that the exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window.
The exchange rate at the I&E window depreciated marginally on Thursday, 17th March 2022 by 0.04% to close at N416.67 compared to N416.5/$1 recorded in the last four trading sessions.
However, the exchange rate at the parallel market closed flat on Thursday at N578/$1, the same as recorded in the previous trading. This is according to information obtained from BDC operators interviewed by Nairametrics.
Meanwhile, naira gained 0.172% to trade at a minimum of N580/$1 on Friday morning, compared to N581/$1 recorded on Thursday.
Breaking: Naira falls to N585 per dollar at parallel market
Naira falls to N585 per dollar at parallel market
GoldenNewsNg report that the Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market.
The figure represents N4 or 0.7 percent depreciation compared to the N581 it traded last week.
Bureaux De Change operators (BDCs), popularly known as ‘aboki or Black Market s’, who spoke to our corresponded in Lagos and Benin on Thursday morning, said the naira exchanges for N585 to the dollar while they purchase at N578/$1, leaving a gain of N7.
A parallel market (street market) is characterised by noncompliant behaviour with an institutional set of rules.
LAGOS PARALLEL MARKET RATES Monday, March 14th, 2022 (BLACK MARKET)
How much is the exchange rate of Dollar to Naira in the Black Market today?
The exchange rate of Dollar to Naira in the Parallel Market Today Monday 14th, 2022 = ₦568/$1
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦568 and sell at ₦573 on Monday, March 14th, 2022, according to data obtained from Bureau De Change (BDC).
The local currency maintains stability as the exchange rate for today opens at ₦568.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 14th March 2022, in Lagos Nigeria, compared to ₦570 per dollar it closed at the end of the previous week Friday 11th March 2022.
Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, GoldenNewsNg reports that the Central Bank of Nigeria (CBN) does not recognize 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.
Nigeria Bank Exchange Rates
| Bank | Currency | Rate | Date |
|---|---|---|---|
| Access Bank | USD | ₦ 550 | 12/03/2022 |
| Ecobank | USD | ₦ 480 | 07/03/2022 |
| GTBank | USD | ₦ 490 | 08/02/2022 |
Disclaimer: GoldenNewsNg does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.