The dollar opened in the parallel market for ₦573 per $1 today.
The 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.
“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.
“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.
“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021
Related News on TDPel Media:
Dollar To Naira Exchange Rate For Today 1 February 2022: The official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates. What Is The Official...
Latest Dollar To Naira Exchange Rate Today 2nd February 2022: Below are the dollar to naira exchange rate for each of the days during the week… Naira has started February strong at the black market....
Dollar To Naira Exchange Rate For Today 3 February 2022: Today’s official dollar to naira exchange rate in Nigeria, including the Bureau De Change (BDC) and Central Bank of Nigeria (CBN) rates. What Is Today’s...
Latest Dollar To Naira Exchange Rate Today, Friday 4th February 2022: This page gathers daily dollar to naira conversion rates throughout the week so that our users can readily access the rates at which the American...
Black Market Dollar To Naira Exchange Rate Today 4th February 2022: 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.…...
Dollar To Naira Exchange Rate Today Saturday 5th February 2022: Today’s official dollar to naira exchange rate in Nigeria, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. Exchange rate...
Dollar To Naira Exchange Rate Today – Official and Black Market: 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...
Dollar To Naira Exchange Rate Today 8th February 2022: What Is Today’s Official Dollar To Naira Exchange Rate? According to data provided on the FMDQ Security Exchange, where forex is officially exchanged, the naira...
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...
Exploring the Latest Black Market Dollar to Naira Exchange Rate in Nigeria: Explaining the Black Market Exchange Rate for Dollar to Naira Understanding the Unofficial Exchange Rate In Nigeria, the unofficial exchange rate of the US Dollar...