Black Market Dollar To Naira Exchange Rate Today 8th February 2022

Black Market Dollar To Naira Exchange Rate Today 8th February 2022

Welcome to Flippstack, we have compiled dollar to naira exchange rates in Nigeria today including the Black Market rates and Bureau De Change (BDC) rate for today Tuesday 8th February 2022

The Official Exchange Rate of Dollar To Naira Today

Flippstack gathered that 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 ₦415.42 per dollar on Monday, 7th January 2022, and closed at ₦416.50 per $1.

What is the Exchange Rate of Dollar To Naira in Black Market Today?

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

Black Market Dollar To Naira Exchange Rate Today 8th February 2022

LAGOS PARALLEL MARKET RATES Tuesday, February 8th, 2022 (BLACK MARKET)

How much is the exchange rate of Dollar to Naira in the Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦566 and sell at ₦571 on Tuesday, February 8th, 2022, according to data obtained from Bureau De Change (BDC).

The local currency depreciates as the exchange rate for today opens at ₦571.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 8th January 2022, in Lagos Nigeria, compared to ₦570 per dollar it opened at the beginning of the week Monday, January 7th, 2022.

Even though the dollar to naira opened in the parallel market at ₦571 per $1 today, Flippstack 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.

Note: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦572 and the price can change (high or low) within hours.

Disclaimer: Flippstack does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.