Black Market Dollar To Naira Exchange Rate Saturday, 8 January 2022

Black Market Dollar to Naira exchange rate today 8 January 2022 has emerged and can be accessed below.

Brand News Day Nigeria has obtained the official US Dollar to Naira exchange rate today Nigeria, including the Black Market rate, Bureau De Change (BDC) rate, and the CBN exchange rate today.

READ: BREAKING: Naira Falls At Black Market First Time In 2022, New Exchange Rate Emerged

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

January 8 dollar to naira official market exchange rate: $1 dollar to naira =₦417.25

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 ₦ per dollar on Saturday, 8 January 2022, after it closed at ₦416.25 per $1 on Friday, 7 January 2022. This represents a change of -1.49%.

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).

Black Market Dollar To Naira Exchange Rate Saturday, 8 January 2022

LAGOS PARALLEL MARKET RATES January 8, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

January 8 dollar to naira black market exchange rate: $1 dollar to naira = ₦567

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N567.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 8 January 2022, in Lagos Nigeria after it closed N567.00 per $1 on Friday, 7 January 2022.

Even though the dollar to naira opened in the parallel market at ₦567 per $1 today, Brand News Day Nigeria gathers 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.

BrandNewsDay reports that at the black market, the players buy a dollar for N562 and sell for N567 on Saturday morning, January 8, 2022, after they bought N562 and sold for N567 on Friday morning, January 7.

Meanwhile, BrandNewsDay Nigeria reports that the USD started this week at ₦560 in Parallel Market also known as Black Market on Monday, January 3, 2022, in Lagos Nigeria, after it opened at ₦555 last week Monday, December 27, 2021.