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Black Market Dollar To Naira Exchange Rate Today Wednesday, February 16, 2022
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DOLLAR TO NAIRA EXCHANGE RATES Headlines

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DOLLAR TO NAIRA EXCHANGE RATES

Black Market Dollar To Naira Exchange Rate Today Wednesday, February 16, 2022

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Black Market Dollar To Naira Exchange Rate Today Wednesday, February 16, 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 Wednesday, February 16, 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.

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READ: Black Market Euro To Naira Exchange Rate Today Wednesday, February 16, 2022

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.

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

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.

Current Dollar to Naira Rate today

You can access both the Dollar To Naira CBN Rate Today and Dollar to Naira Black Market rate Today below

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Wednesday, February 16, dollar to naira CBN exchange rate: $1 dollar to naira =₦ 417.25 Nigerian Naira

Notably, the CBN dollar to naira rate buy dollar at ₦ 417.25/₦416.88 and sell at the rate of ₦417.88.

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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 ₦415.76 per dollar on Wednesday, 16 February 2022, after it closed at ₦416.67 per $1 on Tuesday, 14 February 2022. This represents a change of 0.16%.

How Much Is Dollar To Naira Black Market Exchange Rate Today?

Lagos Parallel Market – Dollar To Naira Exchange Rate Today

February 16, black market dollar to naira exchange rate: $1 dollar to naira =₦575 Nigerian Naira

Lagos Parallel Market – Dollar To Naira Exchange Rate Today

 

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Black Market Dollar To Naira Exchange Rate Today Wednesday, February 16, 2022

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February 16, 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, Wednesday, February 16, 2022, after it closed at N574.00 per $1 on Tuesday, 15th 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.

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Black Market Dollar To Naira

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market on Wednesday, 16 February 2022, in Lagos Nigeria, after it closed N574.50 per $1 on Tuesday morning, February 15, 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.

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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 16, 2022 US DOLLAR 575 573
February 16, 2022 POUNDS STERLING 780 776
February 16, 2022 EURO 648 642
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