Dollar To Naira Exchange Rate Today 27th May 2022

Dollar To Naira Exchange Rate Today 27th May 2022

Welcome to Flippstack, we have compiled dollar-to-naira exchange rates in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates for today Friday 27th May 2022.

The 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 N419.00 per dollar on Thursday, May 26th, 2022, after it closed at 418.00 per $1 on Wednesday, May 27th, 2021.

What is 1 dollar to naira Exchange Rate in Black Market Today?

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

LAGOS PARALLEL MARKET RATES Friday, May 27th, 2022 (BLACK MARKET)

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

The exchange rate of Dollar to Naira in the Parallel Market (Aboki Dollar Rate) Today Friday 27th, 2022 = ₦585/$1

The Lagos Parallel Market (Black Market) players buy a dollar for ₦585 and sell at ₦598 on Friday, May 27th, 2022, according to data obtained from Bureau De Change (BDC).

The local currency Naira appreciates against the dollar as the exchange rate for today opens at ₦585.00 per $1 at the parallel market otherwise known as the black market (Aboki Dollar), today, Friday, 27th May 2022, in Lagos Nigeria, compared to ₦590 per dollar it closed the previous day Thursday 26th May 2022.

Even though the dollar to naira opened in the parallel market at ₦585 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.

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.