Black Market Dollar To Naira Exchange Rate Today 16th February 2022

Black market dollar to naira exchange rate today 16th February 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 ₦575 and the price can change (high or low) within hours.

February 16th dollar to naira official market exchange rate: $1 dollar to naira =₦415.50

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

LAGOS PARALLEL MARKET RATES February 16, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

February 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦575

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 16 February 2022, in Lagos Nigeria after it closed N575.00 per $1 on Tuesday, 15 February 2022.

Even though the dollar to naira opened in the parallel market at ₦575 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 N570 and sell for N575 on Wednesday morning, February 16, 2022 after they bought N570 and sold for N575 on Tuesday, 15 February 2022.