Dollar to naira exchange rate today, 20th October 2021, black market can be accessed below.

FASNEWS has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

How much is exchange rate of $ to # 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, October 20, 2021 (BLACK MARKET): black market # to # exchange rate

October 20 $ to # black market exchange rate: $1 dollar to naira = N572

Lagos parallel market (black market $ exchange rate today)

The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 19 October 2021, in Lagos Nigeria after it closed N570.00 per $1 on Tuesday, 19 October 2021

This represents a change of $2 from the previous day. This means $ to # changed its position from the previous day.

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

Even though the $ to # opened in the parallel market at ₦572 per $1 today, FasNews gathered that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.Dollar

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 black market, the players buy a $ for N567 and sell for N572 on Wednesday morning, October 20, 2021 after they bought N560 and sold N570 the previous day. This means dollar to naira changed its position from the previous day.

The USD started this week at ₦572 in Parallel Market also known as Black Market on Monday, October 18, 2021 in Lagos Nigeria after it opened N575 last week Monday, October 11, 2021.

 

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