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Black Market Dollar To Naira Exchange Rate Today 4th February 2022

Fact Checked by TDPel News Desk
By Tolulope Dolapo Thomas

Black market dollar to naira exchange rate today 4th February 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 ₦570 and the price can change (high or low) within hours.

February 4th dollar to naira official market exchange rate: $1 dollar to naira =₦415.10

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 ₦4416.07 per dollar on Friday, 4th February 2022, after it closed at ₦416.07 per $1 on Thursday, 3rd February 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 February 4th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
Black Market Dollar To Naira Exchange Rate Today 20th January 2022

February 4th dollar to naira black market exchange rate: $1 dollar to naira = ₦570

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, Friday, 4th February 2022, in Lagos Nigeria, after it closed N570.00 per $1 on Thursday, 3rd February 2022bl.

Even though the dollar to naira opened in the parallel market at ₦570 per $1 today, Newsonline 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.

Black Market Dollar To Naira Exchange Rate Today 20th January 2022
CBN Governor, Godwin Emefiele.

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Tolulope Dolapo Thomas

About Tolulope Dolapo Thomas

Tolulope Dolapo Thomas, BSc, is a Public Health Educator and Broadcast Journalist with extensive experience in radio and television. She specializes in Health Promotion, Sexual and Reproductive/Fertility Health, and Environmental Health. Certified in CPR and First Aid, Tolulope is passionate about empowering women through evidence-based public health education, fertility awareness, and community sensitization. She is currently pursuing an MSc in Public Health and is the founder of Everywoman Health by TD, a women-focused health platform dedicated to providing accurate, accessible, and trustworthy guidance for women at every stage of life.