Read Truetells Nigeria 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?
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 ₦ (yet to be disclosed) /$1 on Tuesday October 19, after it closed at ₦414.73 to a $1 on Monday, 18 October 2021.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Tuesday, October 19, opened N575.00 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.
The exchange rate between the naira and the US dollar closed at ₦414.73/$1 on 18th October 2021 as against how it opened at ₦414.46/$1, showing a decline at -0.08.
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