Dollar To Naira Exchange Rate Today 23 October 2021

Dollar to Naira exchange rate today 23 October 2021, black market rate can be seen below..

Onyxnewsng 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 Dollar To Naira Exchange Rate Today Official Rate?

October 23 dollar to naira official exchange rate: $1 dollar to naira = 410.91

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 410.91 per dollar on Saturday, 23 October 2021, after it closed at ₦415.07 per $1 on Friday, 22 October 2021.

How much is exchange rate of Dollar to Naira 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 23, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 23 dollar to naira black market exchange rate: $1 dollar to naira = ₦575

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 23 October 2021, in Lagos Nigeria after it closed N573.00 per $1 on Friday, 22 October 2021. This represents a change of $2 from the previous day. This means dollar to naira changed its position from the previous day.

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

Even though the dollar to naira opened in the parallel market at ₦575 per $1 today, the Central Bank of Nigeria (CBN) does not recognise 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.

Onyxnewsng reports that the black market, the players buy a dollar for N570 and sell for N575 on Saturday morning, October 23, 2021 after they bought N568 and sold N573 Friday, October 22. This means dollar to naira changed its position from the previous day.

Onyxnewsng reports that 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.

IMPORTANT NOTE: Please note that 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 ₦575 and the price can change (high or low ) within hours.