IMPORTANT NOTE: 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 ₦680 and the price can change (high or low) within hours.
Newsone has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
| 1 USD = 419.2069 NGN |
| 1 Dollars = 419.2069 Nigerian Naira |
| The USDNGN rate as of 17 Aug 2022 at 7:41 AM |
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 ₦ 419.2069 per dollar on Wednesday, 17th August 2022, after it closed at ₦423.1997 per $1 on Tuesday, 16th August 2022.
How much is exchange rate of Dollar to Naira in Black Market today?
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 678 |
| Selling Rate | 680 |
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES August 17, 2022 (BLACK MARKET): dollar to naira exchange rate today black market.
Black Market Dollar To Naira Exchange Rate Today
The local currency opened at N680.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 17 August 2022, in Lagos Nigeria after it closed N680.00 per $1 on Tuesday, 16 August 2022.
Even though the dollar to naira opened in the parallel market at ₦680 per $1 today, Newsone reports that 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.
Newsone Nigeria reports that on the black market, the players buy a dollar for N678 and sell for N680 on Wednesday, August 167, 2022, after they bought N677 and sold for N680 on Tuesday, 16 August 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦680 in Parallel Market also known as Black Market on Monday, August 15, 2022, in Lagos Nigeria, after it opened at ₦685 last week Monday, August 8, 2022.