This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 22, 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, Friday October 22, for $1 dollar to naira = ₦414.10/$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 ₦414.10/$1 on Friday October 22, after it closed at ₦415.07 to a $1 on Thursday, 21 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, Friday, October 22, opened N570.00 to a $1, according to sources at Bureau De Change (BDC).
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 exchange rate between the naira and the US dollar opened at ₦414.10/$1 on 22nd October 2021 and after closing at ₦415.07/$1 on October 21st, 2021, showing a change at 0.04.
According to data from FMDQ, forex turnover for Friday, 22 October 2021 was set at $103.16 million down compared to $334.97 million for Thursday 21 October, 2021.