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 ₦415.36 per dollar on Thursday, 27 January 2022, after it closed at ₦416.25per $1 on Wednesday, 26 January 2022. This represents a change of -0.02%.
How much is exchange rate of Dollar to Naira in Black Market today?
LAGOS PARALLEL MARKET RATES January 27, 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 N569.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 27 January 2022, in Lagos Nigeria after it closed N570.00 per $1 on Wednesday, 26 January 2022.
Even though the dollar to naira opened in the parallel market at ₦569 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.