The black market dollar to naira conversion rate for today, January 18, 2022, is available below.
IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at $571, you can purchase or sell a dollar, and the price can fluctuate (high or low) within hours.
January 18 dollar to naira official market exchange rate: $1 dollar to naira =₦415.25
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
According to data provided on the FMDQ Security Exchange, where forex is officially exchanged, the naira began at 415.25 per dollar on Tuesday, January 18th, 2022, after closing at 416.50 for $1 on Monday, January 17th, 2022. This represents a -0.05 percent change.
How much is exchange rate of Dollar to Naira in Black Market today?
For the Lagos market, the parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: (black market).
LAGOS PARALLEL MARKET RATES January 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
January 18 dollar to naira black market exchange rate: $1 dollar to naira = ₦571
Lagos parallel market (black market dollar exchange rate today)
The parallel market, often known as the black market, in Lagos, Nigeria, began at N571.00 per $1 today, Tuesday, 18 January 2022, after closing at N570.00 per $1 on Monday, 17 January 2022.
Despite the fact that the dollar to naira exchange rate opened in the parallel market at 571 for $1 today, the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market. As a result, anyone in need of currency should contact their bank, with the I&E window being the sole known exchange, according to the apex bank.
The players buy a dollar for N566 on the black market and sell for N571 on Tuesday morning, January 18, 2022, after buying N565 and selling for N570 on Monday, January 17, 2022.
The USD began trading this week at 570 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monday, January 17, 2022, the same amount it began trading last week on Monday, January 10, 2021.
TOUCHAHEART NIGERIA does not set or determine foreign exchange rates. The official NAFEX rates can be seen on the FMDQOTC’s website. Various sources, including internet media outlets, are used to get parallel market (black market) pricing. The rates you buy or sell forex may be different from what is captured in this article.