Black Market Exchange Rate Of Dollar To Naira Today, 8th October 2021 can be found below.
Truetells Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.
What Is The Official Exchange Rate For Dollar To Naira Today?
The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange the official forex trading portal showed that the Naira opened at ₦414.44 per dollar on Friday, 08 October 2021, after it closed at ₦414.67 per $1 on Thursday, 07 October 2021.
Exchange Rate of Dollar To Naira in The Parallel Market
Even though the dollar opened in the parallel market for ₦577 per $1 today, the CBN does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Truetells Nigeria reports that Nigeria’s official currency, the naira on Thursday appreciated on the black market, trading at N570 to the dollar. The local currency was stronger than N575 to dollar, it closed last week.
The naira exchanged at N410.81/$ at the Investors and Exporters (I&E) forex window, now the official market rate.