Black Market Dollar To Naira Exchange Rate Today Saturday, February 12, 2022, has been obtained by Brand News Day Nigeria and can be accessed below.
Brand News Day Nigeria has obtained the official US Dollar to Naira exchange rate today in Nigeria, including the Black Market rate, Bureau De Change (BDC) rate, and the CBN dollar to Naira rate Today Saturday, February 12, 2022.
Dollar to Naira Black Market exchange rate: Here is the current Dollar to Naira rate today. See CBN & Dollar To Naira Black Market Rate Today, the black market for Dollar to naira Aboki fx. You can 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.
In a similar vein, the amount of Foreign Exchange –FX that exchanged hands at the official window also witnessed its lowest in about 3 months.
You can access both the Dollar To Naira CBN Rate Today and Dollar to Naira Black Market rate Today below
Notably, the CBN dollar to naira rate buy dollar at ₦ 417.25/₦416.88 and sell at the rate of ₦417.88.
February 12, black market dollar to naira exchange rate: $1 dollar to naira =₦572 Nigerian Naira
The local currency opened at N575.50 per $1 at the parallel market otherwise known as the dollar to naira black market, today Lagos Nigeria, Saturday, February 12, 2022, after it closed at N574.00 per $1 on Friday, 11th February.
On a similar note, Naira closed slightly higher at the parallel market last Friday, 4th February 2022, closing at N568/$1 compared to N575/$1 it recorded in the previous trading day, on Friday, 11th February.
According to information obtained from Bureau De Change (BDC) operators interviewed by Brand News Day Nigeria at the Lagos Island market, Lagos, Nigeria last Friday. The player disclosed that the Naira falls massively at the parallel market exchange rate as a result of an increase in demands for FX.
The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market on Saturday, 12 February 2022, in Lagos Nigeria, after it closed N574.50 per $1 on Friday morning, February 11, 2022.
Our latest survey at the Lagos Island Black Market, which is operated by Bureau De Change (BDC) players, confirmed that the current Dollar to Naira exchange rate today is N575.
This is the second time in a week that the Naira falls at the black market, despite readjusting Dollar To Naira by CBN.
In a similar vein, in the Abuja Black Market where Forex is traded, players confirmed that they buy USD at the rate of N573 and sell back at the rate of N575.
| Date | Currency | Selling (NGN) | Buying(NGN) |
February 12, 2022 | US DOLLAR | 575 | 573 |
February 12, 2022 | POUNDS STERLING | 780 | 776 |
February 12, 2022 | EURO | 648 | 642 |
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