Dollar to Naira CBN Exchange Rate today: Dollar to Naira Black Market Exchange Rate Today.
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February 20, 2022, black market dollar to naira exchange rate: $1 dollar to naira =₦575 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, Sunday, February 20, 2022, after it closed at N574.00 per $1 on Saturday, 19th 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.
Black Market Dollar To Naira
The local currency opened at N575.50 per $1 at the parallel market otherwise known as the black market on Sunday, 20 February 2022, in Lagos Nigeria, after it closed N574.50 per $1 on Saturday morning, February 19, 2022.
Lagos Island Black Market Forex
In our latest survey at the Lagos Island Black Market, which is operated by Bureau De Change (BDC) players, it was 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.
Abuja Black Market Forex
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.
The table below shows the latest black market rate of the U.S Dollar To Naira, European Euro to Naira, and Great Britain Pounds To Naira.
| Date | Currency | Selling (NGN) | Buying(NGN) |
February 20, 2022 | US DOLLAR | 575 | 573 |
February 20, 2022 | POUNDS STERLING | 780 | 776 |
February 20, 2022 | EURO | 648 | 642 |