Business & Economy

Dollar To Naira Rate, 13 October 2021: Dollar To Naira Rate (Black Market)

Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today. www.brandnewsday.com

The latest news on the Dollar to Naira exchange rate today, 13th of October 2021, Dollar to Naira black market exchange rate.

Brand News Day Nigeria gathers the official dollar to the naira exchange rate in Nigeria today alongside the Black Market rates, Bureau De Change (BDC) rate, and the CBN exchange rate.

Dollar to Naira exchange rate today 13 October 2021, the black market rate can be accessed below as obtained by our correspondent.

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The US dollar to naira maintains its actual exchange rate at the parallel market, dollar to naira black market exchange at N575 today.
Recall that the US Dollar started this week at ₦575 in Parallel Market also known as Black Market on Monday, October 11, 2021, in Lagos Nigeria.

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

Recall that on October 12 dollar to naira official exchange rate: $1 dollar to naira = N413.74

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 N413.74 dollar on Wednesday, 13 October 2021, after it closed at N414.30 per $1 on Tuesday, 12 October 2021. This represents a change of 0.02%.

How much is Dollar to Naira Exchange Rate 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).

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LAGOS PARALLEL MARKET RATES October 13, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

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, Wednesday, 13 October 2021, in Lagos Nigeria after it closed N575.00 per $1 on Tuesday, 12 October 2021. This represents a change of $0 from the previous day. This means the dollar to naira maintained its position from the previous day.

Despite the dollar to naira opened in the parallel market at ₦575 per $1 today, the Nigerian apex bank does not acknowledge the parallel market, popularly known as the black market. The Central Bank of Nigeria in spite of restricting popular Aboki fx dollar to naira today (publication), has, therefore, directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

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Brand News Day Nigeria reports that in the black market, the players buy a dollar for N570 and sell for N575 on Wednesday morning, October 13, 2021, after they bought N570 and sold N575 the previous day. This means the dollar to naira maintained its position from the previous day.

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