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 N411.71 per dollar on Friday, August 20, 2021, after it closed at N411.67 per $1 on Thursday, August 19, 2021. This represents a change of 0.02%.

Dollar To Naira Exchange Rate Today August 20, Official/ Black Market Rates
Dollar to Naira official exchange rate for Friday, August 20, 2021.

Exchange Rate of Dollar To Naira in Black Market Today?

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

LAGOS PARALLEL MARKET RATES August 20th, 2021 (BLACK MARKET)

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According to abokiFX.com, the local currency opened at N520.00 per $1 at the parallel market otherwise known as the black market, today, Friday, August 30, 2021, in Lagos Nigeria after it closed N520.00 per $1 on Thursday, August 19, 2021. This represents a change of $0 from the previous day.

Quotes:* morning**midday***evening

NGN

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USD

BUY / SELL

GBP

BUY / SELL

EUR

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BUY / SELL

20/08/2021 512 / 520* 703 / 708* 603 / 607*
19/08/2021 512 / 520 703 / 708 603 / 607
18/08/2021 510 / 515 700 / 706 595 / 605
17/08/2021 510 / 515 700 / 706 595 / 605

Onyxnewsng reports that the data published on abokiFX.com, which is known as the “official black market rate“, showed that at the black market, the players buy a dollar for N512 and sell for N520 on Friday morning, August 20, 2021.

Dollar To Naira Exchange Rate Today August 20, Official/ Black Market Rates
Dollar to Naira black market exchange rate for Friday, August 20, 2021.

In the meantime, reports that the USD started this week at ₦515 in Parallel Market also known as Black Market on Monday, August 16, 2021. A change of $7 dollars compared to last Monday when it opened at N508 per