Black market dollar to naira exchange rate today 7th January 2022 can be accessed below.
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 ₦567 and the price can change (high or low) within hours.
January 7 dollar to naira official market exchange rate: $1 dollar to naira =₦417.25
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 ₦415.70 per dollar on Friday, 7 January 2022, after it closed at ₦416.25 per $1 on Thursday, 7 January 2022. This represents a change of -1.49%.
How much is the exchange rate of the Dollar to Naira in the 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).
LAGOS PARALLEL MARKET RATES January 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
January 7 dollar to naira black market exchange rate: $1 dollar to naira = ₦567
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N567.00 per $1 at the parallel market
Even though the dollar to naira opened in the parallel market at ₦567 per $1 today, Glamtushreports 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.
Glamtush reports that at the black market, the players buy a dollar for N562 and sell for N567 on Friday morning, January 7, 2022 after they bought N562 and sold for N567 on Thursday morning, January 6.
Meanwhile, Glamtush reports that the USD started this week at ₦560 in Parallel Market also known as Black Market on Monday, January 3, 2022 in Lagos Nigeria, after it opened at ₦555 last week Monday, December 27, 2021.
Disclaimer: GLAMTUSH 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.