Business & Economy

Dollar To Naira CBN Rate Today, 20 Oct 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 US Dollar to Naira exchange rate today, 20th of October 2021, Dollar to Naira black market exchange rate today has been obtained.

Black Market Dollar To Naira Exchange Rate 20th October has emerged.

Brand News Day Nigeria has gathered the 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.

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The US Dollar to Naira black market exchange rate today 20th of October 2021 can be seen below as obtained by our correspondent.

The US dollar to naira has been stable between N570-575 per $1 since Monday, October 11, while maintaining its actual exchange rate at the parallel market.

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

October 20 dollar to naira official exchange rate: $1 dollar to naira is yet is to be published on the official Central Bank of Nigeria’s website.

Meanwhile, 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 N….. per dollar on Wednesday, 20 October 2021, after it closed at N414.73 per $1 on Monday, 19 October 2021. This represents a change of -0.08%.

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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).

READ: Stanbic IBTC Pension Managers Champions Nigerian Art With ART X Lagos Sponsorship

LAGOS PARALLEL MARKET RATES October 20, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 20 dollar to naira black market exchange rate: $1 dollar to naira = N570

The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 19 October 2021, in Lagos Nigeria, after it closed N572.00 per $1 on Monday, 18 October 2021. This represents a change of $2 from the previous day. This means dollar to naira changed its position from the previous day.

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Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.

Dollar To Naira CBN Rate Today, 20 Oct 2021: Dollar To Naira Rate Black Market

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.

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READ: CBN Governor Decides Allocation For Forex Demands Exceeding Approved Limits

Although the dollar to naira opened in the parallel market at ₦570 per $1 and is sold for ₦572 per $1 today. Brand News Day Nigeria reports that the Central Bank of Nigeria has dissuaded forex users from patronizing the black market, making the apex bank not recognize the parallel market. The apex bank has therefore directed anyone who requires forex to approach their bank, declaring 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 N560 and sell for N570 on Monday morning, October 19, 2021, after they bought N568 and sold N572 the previous day. This means the dollar to naira changed its position against Monday.

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Similarly, the USD started this week at ₦572 in Parallel Market also known as Black Market on Monday, October 18, 2021, in Lagos Nigeria coming after it opened N575 last week Monday, October 11, 2021.

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