Black Market Dollar To Naira Exchange Rate Today 28th February 2022

Black Market Dollar To Naira Exchange Rate Today 28th February 2022

The black market dollar to naira conversion rate for today, February 28th 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 28th dollar to naira official market exchange rate: $1 dollar to naira =₦415.43

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 415.35 per dollar on Monday, 28th February, 2022, after closing at 416.00 for $1 on Friday, February 25th 2022. This represents a -0.06 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 February 28th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

February 28 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 Monday, 28th February,2022, after closing at N575.00 per $1 on Sunday, 27th February 2022.

Read More: Latest Dollar To Naira Exchange Rate Today 28th 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 Monday morning, February 28th, 2022, after buying N570 and selling for N575 on Sunday, February 27th, 2022.

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While, the USD began trading this week at 575 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monay, February 28, 2022, the same amount it began trading at 571 last week on Monday, February 21, 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.