DOLLAR TO NAIRA EXCHANGE RATES

Black Market Dollar To Naira Exchange Rate Today Monday, January 31, 2022

Published

3 years ago

January 31, 2022

Black Market Dollar To Naira Exchange Rate Today Monday, January 31, 2022, has been obtained by BrandNewsDay, it 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 dollar to Naira rate today January 31, 2022.

Dollar to Naira Black Market rate: Here is the current Dollar to Naira rate today. See CBN & black market exchange rate for Dollar to naira Aboki fx. You change your Dollar to naira at these rates or convert your Dollar to naira at the latest black market rate otherwise known as the parallel market.

So many Nigerians prefer to exchange their foreign currencies, especially the US Dollar to naira using the black market due to the high exchange rate compared to what the Nigerian Banks offer.

If you want to know the current black market rate, here is the page to find that.

Black Market Dollar To Naira Exchange Rate Today Monday, January 31, 2022

January 31 dollar to naira CBN exchange rate: $1 dollar to naira =₦415.66 Nigerian Naira

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

Naira gained further against the US dollar since last Wednesday representing a marginal appreciation of over 0.02% to close at N416.1/$1, representing a 0.08% appreciation compared to N416.33/$1 recorded in the previous trading session, indicating a year-to-date average rate of N416.62/$1.

The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window opened at N415.66/$1 since the beginning of this week.

How Much Is Dollar To Naira Black Market Rate Today?

Meanwhile, the local currency opened at N566.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 31 January 2022, in Lagos Nigeria, after it closed N565.00 per $1 on Friday, 28 January 2022.

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

January 31 dollar to naira black market exchange rate: N566/$1

Lagos parallel market (dollar to naira black market exchange rate today)

The local currency opened at N565.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 31 January 2022, in Lagos Nigeria, after it closed N565.00 per $1 on Friday, 27 January 2022.

Brand News Day Nigeria in an interview with a Bureau De Change (BDC) operator at the Lagos Island market, on Monday. The player disclosed that the swift in the present exchange rate as naira gains in the market is unclear to him. The Market took a new turn at the late hour of Friday, as the Dollar To Naira falls at the black market.

The player disclosed that the Nigerian’s Naira is purchased at ₦566/565 per $1 and sold for ₦567 per $.1

What You Should Know

Players buy the Nigerian’s Naira at ₦566/565 per $1 and sold for ₦567 per $.1
The dollar to naira opened in the parallel market last Monday, 24 January 2022 at ₦571 per $1
Despite that, the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market, it has since directed anyone who requires forex to approach their banks, urging that the I&E window is the only known exchange.
The Market took a new turn at the late hour of Friday, as the Dollar To Naira falls at the black market.