Naira Crashes Again After Gaining Against Dollar, See Today Exchange Rate

Naira has fallen again days after gaining against dollar, today exchanged rate can be seen below..

Onyxnewsng reports that Nigeria’s official currency, crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining last week.

This online news platform understands that Naira crashed at the parallel market also known as the black market on Wednesday, November 3, trading at ₦567 per a dollar with Bureau De Change (BDC) operators buying at at ₦562 per a dollar in the Lagos and Abuja market as enquired by Onyxnewsng reporter in the market earlier on Wednesday.

According to the data posted on the FMDQ Security Exchange where forex is officially traded, the Naira opened at ₦413.76 per dollar at the official market on Wednesday, November 3, after closing at ₦415.07 per dollar on Tuesday, November 2, 2021, this represents a massive change of -0.12%.

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 ₦562.00 and sell for ₦567.00 on on Wednesday, November 3, 2021 after they bought N560 and sold N566 last Tuesday, 2 November 2021.

However, the dollar to naira opened in the parallel market at ₦567 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 ₦567 and the price can change (high or low ) within hours.