Latest Dollar To Naira Black Market Exchange Rate Today 25th February 2022
Note: 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 ₦572 and the price can change (high or low) within hours.
The Official Exchange Rate of Dollar To Naira Today
GBEXTRA gathered that 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 ₦415.43 per dollar on Friday, 25th February 2022, and closed at ₦416.25 to $1, with a change of 0.06%.
The Exchange Rate of Dollar To Naira Black Market Today 25th February 2022
LAGOS PARALLEL MARKET RATES Friday, February 25th, 2022 (BLACK MARKET)
How much is the exchange rate of Dollar to Naira Black Market today?
The exchange rate of Dollar to Naira in the Parallel Market Today Friday 25th, 2022 = ₦570/$1
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦570 and sell at ₦575 on Friday, February 25th, 2022, according to data obtained from Bureau De Change (BDC).
The local currency appreciates as the exchange rate for today opens at ₦570.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 25th February 2022, in Lagos Nigeria, compared to ₦573 per dollar it opened yesterday, Thursday 24th, 2022.
Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, We reports that the Central Bank of Nigeria (CBN) does not recognize 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.
Disclaimer: GBEXTRA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.