Brands and Marketing
BREAKING: Dollar Crashes Against Naira At Black Market, See Official Rate

Dollar has started November on a free fall against Naira at the black market, official rate can also be seen below..
Onyxnewsng reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria reporters who visited the market on Monday morning.
Onyxnewsng reports that while BDC operators popularly known as Abokis in the parallel market (black market), bought dollar at ₦555 per a dollar and sold at ₦565 per a dollar on Monday morning, at the official market, 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 ₦414.12 on Monday morning after closing ₦415.10. This represents a change of -0.09%
How much is exchange rate of Dollar to Naira in Black Market today?: Lagos parallel market (black market dollar exchange rate today)
Onyxnewsng reports that the black market, the players buy a dollar for ₦555.00 and sell for ₦565.00 on Monday morning, November 1, 2021 after they bought N560 and sold N569 last Friday, 29 October 2021.
Even though the dollar to naira opened in the parallel market at ₦565 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.
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 ₦565 and the price can change (high or low ) within hours.
-
Headline1 week ago
Ballon D’Or 2025: See Date, Time, List Of Nominees For Every Award
-
Headline1 week ago
UCL: Haaland Sets New Record
-
Headline1 week ago
Why I Refused To Challenge Emergency Rule – Gov Fubara Reveals
-
Headline5 days ago
BALLON D’Or’Or 2025: Full List Of Award Winners
-
Headline1 week ago
FIFA RANKING: Argentina Slip Off First Place, See New List
-
Headline1 week ago
JUST IN: Tinubu Mourns Late Grace Adayilo, Grants Children Automatic Employment
-
Headline6 days ago
Court Adjourns Senator Natasha’s Cybercrime Case, Sets New Hearing Date
-
Headline7 days ago
Top European Countries Officially Recognize State Of Palestine, See List
-
Headline1 week ago
Trump Raises Visa Costs For Foreign Labourers, Unveils New Price
-
Headline5 days ago
BREAKING: Senate Unseals Natasha’s Office, See What It Means