DOLLAR TO NAIRA EXCHANGE RATES

Black Market Dollar To Naira Exchange Rate Wednesday, January 19, 2022

Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today. www.brandnewsday.com

Black Market Dollar to Naira exchange rate today Wednesday, 19 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 =₦416.25

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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 ₦416.5 per dollar on Wednesday, 19 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 Wednesday, January 19, 2022

Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today.
www.brandnewsday.com

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

January 19 dollar to naira black market exchange rate: N571/$1

LAGOS PARALLEL MARKET RATES January 19, 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 N571.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 19 January 2022, in Lagos Nigeria, after it closed N569.00 per $1 on Tuesday, 18 January 2022.

Even though the dollar to naira opened in the parallel market at ₦581 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 N571 on Wednesday morning, January 19, 2022, after they bought N564 and sold for N569 on Tuesday morning, January 18.

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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 19, 2022, in Lagos Nigeria, the same amount it opened last week Monday, January 10, 2021.

A look at the previous week, a sum of $631.89 million exchanged hands at the official forex market, which is higher than the $442.59 million recorded in the previous week. Meanwhile, the official Investors and Exporters window shows that naira closed at N416.33/$1 on Monday, 17th January 2022, representing a marginal appreciation compared to N416.5/$1 recorded on Friday, last week.

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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