Business & Economy

Dollar To Naira CBN Rate Today, 27 Oct 2021: Dollar To Naira 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, 27 October 2021, Dollar to Naira today (black market exchange rate today) has been obtained.

Brand News Day Nigeria has obtained 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.

Black Market Dollar To Naira Exchange Rate for 27th October, 2021 can be accessed below:

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How Much Is Dollar To Naira Today Official Rate?

October 27 dollar to naira official exchange rate: $1 dollar to naira =₦414.44

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 ₦414.44 per dollar on Wednesday, 27 October 2021, after it closed at ₦415.10 per $1 on Tuesday, 26 October 2021. This represents a change of 0.10%.

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).

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LAGOS PARALLEL MARKET RATES October 27, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
October 27 dollar to naira black market exchange rate: $1 dollar to naira = ₦571

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 27 October 2021, in Lagos Nigeria after it closed N570.00 per $1 on Wednesday, 26 October 2021.

READ: Bad governance: Recreating Nigeria To Avert Collapse

Dollar To Naira Today 27 Oct 2021: Dollar To Naira Black Market Rate Today

Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11. This is coming after CBN vs Aboki FX clash over the dollar to naira black market exchange rate.

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Although the dollar to naira opened in the parallel market at ₦573 per $1 today, Brand News Day Nigeria 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.

Brand News Day Nigeria gathers that in the black market, that the black market, the players buy a dollar for N566 and sell for N571 on Wednesday morning, October 27, 2021 after they bought N568 and sold N575 on Tuesday, 26 October 2021.

Meanwhile, Brand News Day Nigeria reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, October 25, 2021 in Lagos Nigeria, after it opened N572 last week Monday, October 18, 2021.

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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 ₦573 and the price can change (high or low ) within hours

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