Black Market Dollar To Naira Exchange Rate For Today 11th February 2022

Black Market Dollar To Naira Exchange Rate For Today 11th February 2022

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 ₦415.15 per dollar on Friday, 10 February 2022, after it closed at ₦416.67 per $1 on Thursday, 10 February 2022. This represents a change of 0.16%.

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N573.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 11 February 2022, in Lagos Nigeria after it closed N572.00 per $1 on Thursday, 10 February 2022.

Even though the dollar to naira opened in the parallel market at ₦573 per $1 today, Newsone 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.

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