Business & Economy
Dollar To Naira CBN Rate, 18 Oct 2021: Dollar To Naira Black Market Rate
The latest news on the US Dollar to Naira exchange rate today, 18th of October 2021, Dollar to Naira black market exchange rate has been published.
Brand News Day Nigeria has gathered that official dollar to the naira exchange rate in Nigeria today including the Black Market rate, Bureau De Change (BDC) rate, and the CBN exchange rate today.
Dollar to Naira exchange rate today 18 October 2021, the black market rate can be accessed below as obtained by our correspondent.
How Much Is Dollar To Naira CBN Exchange Rate Today?
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 N414.46 per dollar on Monday, 18 October 2021, after it closed at N414.40 per $1 on Friday, 15 October 2021. This represents a change of -0.15%.
How much is the exchange rate of the Dollar to Naira in the 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 October 18, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
October 18 dollar to naira black market exchange rate: 1 dollar to naira = N572
The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 18 October 2021, in Lagos Nigeria after it closed N571.00 per $1 on Friday, 15 October 2021. This represents a change of $1 from last Friday. This means dollar to naira changed its position from last week.
Dollar To Naira CBN Rate, 18th Oct 2021: Dollar To Naira Black Market Rate
Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today.
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Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.
READ: CBN Governor Decides Allocation For Forex Demands Exceeding Approved Limits
Even though the dollar to naira opened in the parallel market at ₦572 per $1 today, ₦572 per $1 today, Brand News Day reports that the Central Bank of Nigeria 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.
Brand News Day Nigeria reports that in the black market, the players buy a dollar for N568 and sell for N572 on Monday morning, October 18, 2021, after they bought N567 and sold N572 last Friday. This means dollar to naira changed its position from last week.
Meanwhile, Brand News Day Nigeria reports that the US Dollar trading opened this week at ₦572 in Parallel Market also known as Black Market on Monday, October 18, 2021, in Lagos Nigeria. after it opened N575 last week Monday, October 11, 2021.
