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NewsBand has obtained the Dollar to Naira rate at the official and black market exchange rate Today October 25, 2021.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday October 25, for $1 dollar to naira = ₦414.05/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦414.05/$1 on Monday October 25, after it closed at ₦415.07 to a $1 on Friday, 22 October 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, October 25 – it is being bought at N565.00 to a $1 and sold for N572, according to sources at Bureau De Change (BDC).
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However, it is very important to note that the Central Bank of Nigeria (CBN) does not sanction the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦414.05/$1 on 25th October 2021 and after closing at ₦415.07/$1 on Friday, 22nd of October.
