Black market dollar to naira exchange rate today Saturday, February 5, 2022, can be accessed below.
February 5 dollar to naira official market exchange rate: $1 dollar to naira =₦416.33
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 ₦416.33 per dollar on Saturday, 5th February 2022, after it closed at ₦416.33 per $1 on Friday, 4th February 2022. This represents a change of -0.04.
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 February 5th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
February 5th dollar to naira black market exchange rate: $1 dollar to naira = ₦570
The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 5th February 2022, in Lagos Nigeria, after it closed N570.00 per $1 on Friday, 4th February 2022.
Even though the dollar to naira opened in the parallel market at ₦570 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 N565 and sell for N570 on Saturday morning, February 5th, 2022 after they bought N565 and sold for N570 on Friday morning, 4th February 2022.
Meanwhile, Glamtush reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 31, 2022 in Lagos Nigeria, same amount it opened last week Monday, January 24, 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.
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