Dollar To Naira Exchange Rate Today 25 October 2021 (Black Market Rate)

Today’s dollar to naira exchange rate, as well as the black market rate, may be found below.

NOTICE: The exchange rate changes hourly, depending on the number of dollars available and the Demands. What this means is that… You may buy or sell one dollar at 570, and the price can change substantially (high or low) in a matter of hours.

The official dollar to naira exchange rate in Nigeria, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates, according to Fasnews.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

October 25 dollar to naira official exchange rate: $1 dollar to naira =

According to data issued on the FMDQ Security Exchange, where forex is officially exchanged, the naira began at 414.05 per dollar on Monday, October 25th, 2021, after closing at 415.07 for $1 on Friday, October 22nd. This corresponds to a change of -0.01%.

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 use in the Lagos black market. LAGOS PARALLEL MARKET RATES October 25, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 25 dollar to naira black market exchange rate: $1 dollar to naira = ₦570

A parallel market exists in Lagos (black market dollar exchange rate today) On the parallel market, often known as the black market, in Lagos, Nigeria, the local currency began trading at N570.00 per $1 today, Monday, October 25, 2021, after closing at N574.00 per $1 on Friday, October 22, 2021.

The dollar to naira exchange rate has remained constant at N570-575 per $1 since Monday, October 11. This follows a squabble between the CBN and Aboki FX over the black market dollar-to-naira rate.

Despite the fact that the dollar to naira opened on the parallel market at 570 for $1 today, according to Fasnews, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also known as the black market.

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

According to Fasnews Nigeria, on Monday morning, October 25, 2021, participants on the black market bought a dollar for N565 and sold it for N570, after buying N568 and selling N573 the previous Friday.

Meanwhile, Fasnews Nigeria stated that on Monday, October 25, 2021, the USD began trading at 570 on the Parallel Market, often known as the Black Market, in Lagos, Nigeria. Last week, on Monday, October 18, 2021, N572 was launched.

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