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Dollar To Naira Exchange Rate 14 August 2022|Black Market/Official
Dollar to Naira exchange rate today August 14, 2022, black market rate and official rate can be accessed below.
Newsone has obtained a 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)?
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
| 1 USD = 419.22 NGN |
| 1 Dollars = 419.22 Nigerian Naira |
| The USDNGN rate as of 14 Aug 2022 at 10:23 AM |
The exchange rate between the Naira and the US dollar according to the official data today, the naira opened at N 419.22 per dollar on Sunday, August 14, 2022, after it closed at N419.2111 per $1 on Saturday, August 13, 2022.
Black market dollar to naira
Exchange Rate of Dollar to Naira in Black Market Today?
The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 676 |
| Selling Rate | 680 |
LAGOS PARALLEL MARKET RATES August 14th, 2022 (BLACK MARKET)
The local currency opened at N680.00 per $1 at the parallel market otherwise known as the black market today Sunday, 14 August 2022, in Lagos Nigeria, after it closed at N680.00 per $1 on Saturday, August 13, 2022.
Newsone Nigeria reports that on the black market, the players buy a dollar for N676 and sell for N680 on Sunday, August 14, 2022, after they bought N676 and sold for N680 on Saturday, August 13, 2022.
Even though the dollar to naira opened in the parallel market at ₦680 per $1 today, NEWSONE NIGERIA 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.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦685 in Parallel Market also known as Black Market on Monday, 8 August 2022, in Lagos Nigeria, after it opened at ₦658 last week Monday, 1st August 2022.
Disclaimer: NEWSONE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
