Dollar to naira exchange rate today 18th January 2022 and black market rate can be accessed below.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
January 18 dollar to naira official market exchange rate: $1 dollar to naira =₦414.50
The exchange rate between the Naira and the US dollar to naira opened at ₦414.50 per dollar on Tuesday, 18 January 2022, after it closed at N415.45 per $1 on Monday 17 January 2022.
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 January 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
January 18 dollar to naira black market exchange rate: $1 dollar to naira = ₦572
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 18 January 2022, in Lagos Nigeria after it closed N570.00 per $1 on Monday, 17 January 2022.
Even though the dollar to naira opened in the parallel market at ₦572 per $1 today, Onyxnewsng reports that 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 at the black market, the players buy a dollar for N569 and sell for N572 on Tuesday morning, January 18, 2022 after they bought N565 and sold for N570 on Monday, January 17.
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 N570 and the price can change (high or low) within hours.