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Dollar To Naira Exchange Rate Today 11 October 2021

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This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 11, 2021.

Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Monday October 11, for $1 dollar to naira = ₦ 413.53/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦ 413.53/$1 on Monday October 11, after it closed at N414.30 per $1 on Friday, 8 October 2021.

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

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, October 11, opened at N575.00 to a $1.

Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The official exchange rate showed that the naira continued its very slow appreciation against the US dollar.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and a Deputy Editor at Naija News.