Dollar To Naira Exchange Rate Today 29 October 2021 (Black Market Rate)

Dollar to Naira official and black market exchange rate today October 29, 2021.

Onyxnewsng has obtained the official dollar rates as well as Black Market rates otherwise known as Bureau De Change (BDC), and CBN rates.

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

The official rate today, Friday October 29, for $1 dollar to naira = ₦411.10/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦414.49/$1 on Friday 29, after it closed at ₦415.10 to a $1 on Thursday, 28 October 2021.

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

The exchange rate for a dollar to naira at Lagos and Abuja Parallel Market (Black Market) for today, Friday, October 29th sells at N570/1$, according to sources at Bureau De Change (BDC).

Onyxnewsng understands that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

READ: CBN Gives Assurance To Users Of Newly Launched eNaira

The exchange rate between the naira and the US dollar opened at ₦414.13/$1 on 28th October 2021 and closed at ₦415.10/$1. Showing a change of 0.01%.

According to data from FMDQ, forex turnover for Thursday, 28 October 2021 declined to $147.44million.