BrandNewsDay Nigeria has compiled the official US Dollar to Naira exchange rate today in Nigeria, including the Dollar To Naira Aboki Exchange Rate, Bureau De Change (BDC) rate, dollar to naira yesterday, the CBN dollar to Naira rate, and Dollar To Naira Bank Rate Today Tuesday, 17 May 2022.
You can access the dollar to naira yesterday, Dollar To Naira Bank Rate Today and Dollar to Naira Black Market Today below:
Notably, the CBN dollar to naira rate, the apex bank buys the dollar at ₦414.69 rate and sells it at the rate of ₦415.69.
The Nigeria parallel market (black market dollar Aboki exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The local currency opened at N597.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 17 May 2022, in Lagos Nigeria, after it closed at N595.00 per $1 on Monday, 16th May 2022.
The local currency opened at N597.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 17 May 2022, in Lagos Nigeria, after it closed at N595 per $1 on Monday, 16th May 2022.
Even though the dollar to naira opened in the parallel market at ₦597 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognize 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 Nigeria reports that on the black market, the players buy a dollar for N595 and sell for N597 on Tuesday morning, 17th May 2022, after they bought N590 and sold for N595 on Monday morning, May 16, 2022.
Meanwhile, in comparison, Brand News Day Nigeria reports that the USD started this week at ₦588 in Parallel Market also known as Black Market on Monday, May 16, 2022, in Lagos Nigeria, after it opened at 585 last week Monday, May 9, 2022.
The table below shows the latest black market rate of the U.S Dollar To Naira Aboki, the European Euro to Naira, and Great Britain Pounds To Naira.
Date | Currency | Selling (NGN) | Buying(NGN) |
May 17, 2022 | US DOLLAR | 597 | 595 |
May 17, 2022 | POUNDS STERLING | 750 | 740 |
May 17, 2022 | EURO | 640 | 635 |
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