Fasnews has received today’s official dollar to naira exchange rate in Nigeria, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. How Much Is Dollar To Naira Exchange Rate Today Official Rate?

October 18,2021 dollar to naira official exchange rate: $1 dollar to naira = N414.46

The Naira and the US dollar exchange rate began at N414.46 per dollar on Monday, 18 October 2021, after closing at N414.40 per $1 on Friday, 15 October 2021, according to statistics released on the FMDQ Security Exchange, where FX is officially transacted. This indicates a decrease of -0.15%.Naira

How much is exchange rate of Dollar to Naira in Black Market today?

The current Nigerian Naira parallel market (black market dollar exchange rate) is as follows: For the market in Lagos (black market).

Lagos Parallel Market Rates, October 18, 2021 (Black Market): exchange rate today.

October 18 dollar to naira black market exchange rate: $1 dollar to naira = N572

Lagos parallel market (black market dollar exchange rate today) This is a $1 increase over last Friday’s price.

This indicates that the  exchange rate has shifted from the previous week.

Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.

Fasnews claims that the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market, despite the fact that the dollar to naira opened in the parallel market at 572 for $1 today.Naira

As a result, anyone in need of currency should contact their bank, with the I&E window being the sole known exchange, according to the apex bank.

According to Fasnews, gamers on the underground market bought a dollar for N568 and sold it for N572 on Monday morning, October 18, 2021, after buying N567 and selling N572 last Friday.

This indicates that the dollar-to-naira exchange rate has shifted from the previous week. Meanwhile, Fasnews Nigeria says that the USD began this week at $572 in the Parallel Market, popularly known as the Black Market, in Lagos, Nigeria on Monday, October 18, 2021. N575 was launched last week, on Monday, October 11, 2021.

Disclaimer: FASNEWSNG.COM  does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black ma.ket 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.

77 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here