This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 11, 2021.
Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday October 11, for $1 dollar to naira = 414.30 (FMDQ yet to release official data for Monday)
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar still stands at N414.30/$1 as at the time of filing in this report, this is after it opened at N414.44/$1 and closed at N414.30 per $1 on Friday, 8 October 2021.
This data shows a marginally change at -0.09% at the official Investors and Exporters foreign exchange window.
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 11, opened at N575.00 to a $1.
Please note that the Central Bank of Nigeria (CBN) does not recognise 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 official exchange rate showed that the naira continued its very slow appreciation against the US dollar.