The black market dollar to naira conversion rate for today, February 23rd 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 N576, you purchase or sell a dollar, and the price can fluctuate (high or low) within hours.
February 22nd dollar to naira official market exchange rate: $1 dollar to naira =₦415.90can
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 ₦415.76 per dollar on Wednesday, 23rd February, 2022, after closing at ₦416.00 for $1 on Monday, February 22nd, 2022. This represents a -0.16%t 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 February 22nd, 2022 (BLACK MARKET):
February 22 dollar to naira black market exchange rate: $1 dollar to naira = ₦576
Lagos parallel market (black market dollar exchange rate today)
The parallel market, often known as the black market, in Lagos, Nigeria, began at N576.00 per $1 today Wednesday, 23rd February 2022, after closing at N575.00 per $1 on Tuesday, 21st February 2022.
Despite the fact that the dollar to naira exchange rate opened in the parallel market at 575 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.
Players buy a dollar for N571 on the black market and sell for N576 on Wednesday morning, February 23rd, 2022, after buying N570 and selling for N575 on Tuesday, February 22nd, 2022.
The USD began trading this week at 575 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monay, February 14, 2022, the same amount it began trading at 571 last week on Monday, February 7, 2022.
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.