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 ₦414.76 per dollar on Saturday, 22 January 2022, after it closed at ₦416.00 per $1 on Friday, 21 January 2022. This represents a change of -0.04%.
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 January 22, 2022 (BLACK MARKET): dollar to naira exchange rate today black market Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 22 January 2022, in Lagos Nigeria after it closed N570.00 per $1 on Friday, 21 January 2022.
Even though the dollar to naira opened in the parallel market at ₦570 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.
Newsone Nigeria reports that at the black market, the players buy a dollar for N565 and sell for N570 on Saturday morning, January 22, 2022 after they bought N565 and sold for N571 on Friday, 21 January 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 17, 2022 in Lagos Nigeria, same amount it opened at last week Monday, January 10, 2021.