Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦570 and the price can change (high or low) within hours.
February 1 dollar to naira official market exchange rate: $1 dollar to naira =₦415.42
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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 ₦415.10 per dollar on Tuesday, 1 February 2022, after it closed at ₦415.33 per $1 on Monday, 31 January 2022. This represents a change of -0.16%.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
February 1 dollar to naira black market exchange rate: $1 dollar to naira = ₦570
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 1 February 2022, in Lagos Nigeria after it closed N570.00 per $1 on Monday, 31 January 2022.
Even though the dollar to naira opened in the parallel market at ₦570 per $1 today,The Central Bank of Nigeria (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.
The black market, the players buy a dollar for N565 and sell for N570 on Tuesday morning, February 1, 2022 after they bought N565 and sold for N570 on Monday morning, January 31, 2022.