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DOLLAR TO NAIRA EXCHANGE RATES Headlines

Black Market Dollar To Naira Exchange Rate Tuesday, January 18, 2022
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DOLLAR TO NAIRA EXCHANGE RATES Headlines

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DOLLAR TO NAIRA EXCHANGE RATES Headlines

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DOLLAR TO NAIRA EXCHANGE RATES

Black Market Dollar To Naira Exchange Rate Tuesday, January 18, 2022

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Black Market Dollar to Naira exchange rate today Tuesday, 18 January 2022 has emerged and can be accessed below as obtained by BrandNewsDay.

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.

January 18 dollar to naira CBN exchange rate today: $1 dollar to naira =₦417.25

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

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 ₦415.45 per dollar on Tuesday, 18 January 2022, after it closed at ₦416.00 per $1 on Monday, 17 January 2022. This represents a change of -0.17%.

Black Market Dollar To Naira Exchange Rate Tuesday, January 18, 2022

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Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today.
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The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

January 18 dollar to naira black market exchange rate: N570.00 per $1

LAGOS PARALLEL MARKET RATES January 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

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Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 18 January 2022, in Lagos Nigeria, after it closed N569.00 per $1 on Sunday, 17 January 2022.

Even though the dollar to naira opened in the parallel market at ₦570 per $1 today, BrandNewsDay 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.

BrandNewsDay reports that at the black market, the players buy a dollar for N565 and sell for N570 on Monday morning, January 18, 2022, after they bought N564 and sold for N569 on Sunday morning, January 17.

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Meanwhile, BrandNewsDay reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 17, 2022, in Lagos Nigeria, the same amount it opened last week Monday, January 10, 2021.

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