Black Market Dollar To Naira Exchange Rate Today February 20, 2022
The black market dollar to naira exchange rate today February 20, 2022 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes every hour.…it depends on the volume of dollars available and on demand. What this means is… you can buy or sell 1 dollar at ₦575 and the price can change (up or down) within hours.
February 20 official market exchange rate of dollar to naira: 1 dollar to naira = ₦415.85
How much is the dollar to naira exchange rate today?
The exchange rate between the Naira and US dollar according to the data displayed on the FMDQ security scholarship or forex is officially traded showed that the naira was opening up to ₦415.85 per dollar on Sunday, February 20, 2022after that closed at ₦416.75 for $1 on Friday, February 18, 2022. This represents a variation of 0.02%.
What is the dollar to naira exchange rate on the black market today?
The Nigerian parallel market (current black market dollar exchange rate) against the Nigerian naira is as follows: for the Lagos market (black Marlet).
LAGOS PARALLEL MARKET RATE 20 Feb 2022 (BLACK MARKET): dollar to naira exchange rate today black market
Black market exchange rate of dollar to naira for February 20: 1 dollar to naira = ₦575
Lagos Parallel Market (Dollar exchange rate on the black market today)
The local currency opened at N575.00 for $1 on the parallel market
otherwise known as black market, today, Sunday, February 20, 2022in Lagos, Nigeria after that closed N575.00 for $1 on Saturday February 19, 2022.
Even if the dollar to naira opened in the parallel market at ₦575 for $1 today, newsone reports that the The Central Bank of Nigeria (CBN) does not recognize the parallel marketotherwise known as black market. The apex bank therefore ordered anyone in need of foreign currency to approach their bank, insisting that the I&O window
is the only known exchange.
Newsone Nigeria reports that on the black market, gamers buy a dollar for N570 and sell for N575 on Sunday morning February 20, 2022 after buying N570 and sold for N575 Saturday, February 19, 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week ₦575 in the parallel market also known as the black market on Monday, February 14, 2022 in Lagos, Nigeriaafter opening at 571 last week Monday February 7th, 2022. A change of N0.
Warning: NEWSONE NIGERIA does not fix or determine exchange rates. Official NAFEX rates are obtained from the FMDQOTC website. Parallel market rate (black market rate) are obtained from a variety of sources, including online media. the the rates you buy or sell forex may be different from what is captured in this article.