Black Market Dollar To Naira Exchange Rate Today 18th January 2022

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 ₦571 and the price can change (high or low) within hours.

January 18 dollar to naira official market exchange rate: $1 dollar to naira =₦415.25

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 ₦415.25 per dollar on Tuesday, 18 January 2022, after it closed at ₦416.50 per $1 on Monday, 17 January 2022. This represents a change of -0.05%.

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 18, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 18 January 2022, in Lagos Nigeria after it closed N570.00 per $1 on Monday, 17 January 2022.

 

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Even though the dollar to naira opened in the parallel market at ₦571 per $1 today, Newsonline 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.

Newsonline Nigeria reports that at the black market, the players buy a dollar for N566 and sell for N571 on Tuesday morning, January 18, 2022 after they bought N565 and sold for N570 on Monday, 17 January 2022.

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Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, January 17, 2022 in Lagos Nigeria, same amount it opened at last week Monday, January 10, 2021.

 

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Disclaimer: NEWSONLINE 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.